Jefferies Financial Group Begins Coverage on Equity LifeStyle Properties (NYSE:ELS)

Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties (NYSE:ELS - Free Report) in a research report report published on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $80.00 target price on the real estate investment trust's stock.

Other research analysts have also recently issued reports about the company. BMO Capital Markets raised Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research note on Friday, April 4th. Royal Bank of Canada reduced their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird increased their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.20.

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Equity LifeStyle Properties Stock Performance

NYSE:ELS traded up $0.57 on Tuesday, reaching $64.31. 1,163,695 shares of the company's stock were exchanged, compared to its average volume of 1,296,759. The stock has a fifty day simple moving average of $66.59 and a 200-day simple moving average of $67.85. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties has a 52 week low of $58.86 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, sell-side analysts predict that Equity LifeStyle Properties will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.515 dividend. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, March 28th. Equity LifeStyle Properties's payout ratio is currently 105.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Unigestion Holding SA raised its position in Equity LifeStyle Properties by 106.4% during the first quarter. Unigestion Holding SA now owns 15,276 shares of the real estate investment trust's stock valued at $1,019,000 after purchasing an additional 7,876 shares during the period. NBC Securities Inc. lifted its stake in Equity LifeStyle Properties by 115,450.0% in the first quarter. NBC Securities Inc. now owns 4,622 shares of the real estate investment trust's stock worth $308,000 after acquiring an additional 4,618 shares during the period. Aurora Investment Managers LLC. boosted its stake in shares of Equity LifeStyle Properties by 1.8% during the first quarter. Aurora Investment Managers LLC. now owns 53,080 shares of the real estate investment trust's stock valued at $3,540,000 after purchasing an additional 943 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Equity LifeStyle Properties by 2.6% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock valued at $533,000 after acquiring an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Equity LifeStyle Properties by 6,967.3% during the first quarter. GAMMA Investing LLC now owns 124,596 shares of the real estate investment trust's stock valued at $8,311,000 after purchasing an additional 122,833 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

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.