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

Equity LifeStyle Properties, Inc. (NYSE:ELS) has received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $73.30.

Several research firms have commented on ELS. Evercore ISI upped their price target on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Compass Point boosted their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Truist Financial raised their price objective on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd.

Institutional Investors Weigh In On Equity LifeStyle Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in shares of Equity LifeStyle Properties by 356.4% during the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 417 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 146 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Equity LifeStyle Properties in the second quarter valued at about $54,000. Wilmington Savings Fund Society FSB acquired a new position in Equity LifeStyle Properties in the third quarter valued at about $72,000. Finally, Harbor Capital Advisors Inc. bought a new position in Equity LifeStyle Properties during the third quarter worth about $75,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS opened at $64.43 on Monday. The company has a market capitalization of $12.31 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 3.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties has a one year low of $59.82 and a one year high of $76.60. The company’s fifty day moving average price is $68.98 and its 200 day moving average price is $69.39.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.28). The business had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equity LifeStyle Properties’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. As a group, analysts expect that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.477 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.96%. Equity LifeStyle Properties’s dividend payout ratio is 98.45%.

Equity LifeStyle Properties Company Profile

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.