Analysts Set Equity LifeStyle Properties, Inc. (NYSE:ELS) Price Target at $73.78

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $73.78.

Several equities analysts recently commented on the stock. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Robert W. Baird boosted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Evercore ISI reduced their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th.

Remove Ads

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELS. National Pension Service bought a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at $25,000. Bessemer Group Inc. raised its holdings in Equity LifeStyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties in the fourth quarter worth approximately $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 171 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

ELS traded up $0.08 during midday trading on Friday, reaching $66.64. The company had a trading volume of 1,185,865 shares, compared to its average volume of 1,284,361. Equity LifeStyle Properties has a 12-month low of $59.82 and a 12-month high of $76.60. The business has a 50-day moving average price of $66.97 and a two-hundred day moving average price of $68.39. The stock has a market cap of $12.74 billion, a PE ratio of 34.17, a P/E/G ratio of 3.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, sell-side analysts expect that Equity LifeStyle Properties will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.