Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Rating of “Moderate Buy” by Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $72.50.

Several analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. Compass Point upped their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They issued a “hold” rating and a $72.00 target price for the company. Truist Financial increased their price target on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Finally, Evercore ISI lifted their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ELS. Daiwa Securities Group Inc. increased its stake in shares of Equity LifeStyle Properties by 370.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock valued at $166,182,000 after buying an additional 1,834,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equity LifeStyle Properties by 592.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust’s stock worth $116,068,000 after acquiring an additional 1,391,846 shares in the last quarter. Principal Financial Group Inc. increased its position in Equity LifeStyle Properties by 56.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust’s stock valued at $159,232,000 after purchasing an additional 805,681 shares during the period. Caprock Group LLC bought a new stake in shares of Equity LifeStyle Properties in the 3rd quarter valued at about $54,866,000. Finally, Quantinno Capital Management LP lifted its position in shares of Equity LifeStyle Properties by 14,049.2% in the 3rd quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust’s stock worth $50,935,000 after purchasing an additional 708,925 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

ELS opened at $66.66 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 3.63 and a beta of 0.77. The company has a fifty day moving average of $69.90 and a 200 day moving average of $69.00. Equity LifeStyle Properties has a fifty-two week low of $59.82 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm had revenue of $387.30 million during the quarter, compared to analysts’ expectations of $315.78 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equity LifeStyle Properties’s quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts forecast that Equity LifeStyle Properties will post 2.92 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $0.477 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.91 annualized dividend and a yield of 2.86%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 98.45%.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.