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

Equity LifeStyle Properties, Inc. (NYSE:ELS - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $72.50.

A number of research firms have commented on ELS. Truist Financial lifted their target price on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Wells Fargo & Company upgraded Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research report on Thursday, October 17th. They set a "hold" rating and a $72.00 price target for the company. Compass Point lifted their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI boosted 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.

Equity LifeStyle Properties Stock Down 0.7 %

Shares of ELS traded down $0.48 on Thursday, reaching $66.18. The stock had a trading volume of 1,647,752 shares, compared to its average volume of 1,203,777. Equity LifeStyle Properties has a 12-month low of $59.82 and a 12-month high of $76.60. 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 company has a 50-day simple moving average of $69.91 and a 200-day simple moving average of $68.98. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 3.63 and a beta of 0.77.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly 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 company 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 was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Sell-side analysts predict that Equity LifeStyle Properties will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a dividend of $0.477 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.88%. Equity LifeStyle Properties's payout ratio is 98.45%.

Institutional Trading of Equity LifeStyle Properties

A number of large investors have recently added to or reduced their stakes in ELS. Daiwa Securities Group Inc. raised its stake in 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 purchasing an additional 1,834,491 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Equity LifeStyle Properties by 592.0% during the third 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 during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 56.5% in 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 last quarter. Caprock Group LLC bought a new stake in shares of Equity LifeStyle Properties in the 3rd quarter valued at approximately $54,866,000. Finally, Quantinno Capital Management LP boosted its holdings 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 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.