Equity LifeStyle Properties (NYSE:ELS) PT Raised to $72.00

Equity LifeStyle Properties (NYSE:ELS - Free Report) had its price target raised by Compass Point from $70.00 to $72.00 in a report released on Wednesday, Benzinga reports. Compass Point currently has a neutral rating on the real estate investment trust's stock.

Several other equities research analysts have also recently weighed in on the stock. Evercore ISI upped their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an "in-line" rating in a research report on Monday. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research note on Thursday, October 17th. They set a "hold" rating and a $72.00 price objective for the company. UBS Group upgraded shares of Equity LifeStyle Properties to a "strong-buy" rating in a research note on Thursday, October 10th. Finally, Truist Financial boosted their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.64.

Equity LifeStyle Properties Stock Up 2.8 %

Shares of NYSE:ELS traded up $1.89 during trading hours on Wednesday, hitting $70.58. The company's stock had a trading volume of 1,359,836 shares, compared to its average volume of 1,207,552. The firm's fifty day moving average price is $71.19 and its 200 day moving average price is $66.78. Equity LifeStyle Properties has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 38.63, a P/E/G ratio of 3.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced 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). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The business had revenue of $387.30 million during the quarter, compared to analysts' expectations of $315.78 million. During the same period in the previous year, the company posted $0.71 EPS. Equity LifeStyle Properties's revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts expect that Equity LifeStyle Properties will post 2.92 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.4775 per share. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.71%. Equity LifeStyle Properties's dividend payout ratio is presently 104.37%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the transaction, the chief operating officer now owns 221,777 shares in the company, valued at approximately $15,575,398.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Paul Seavey sold 31,988 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the sale, the chief financial officer now owns 148,463 shares in the company, valued at $11,109,486.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Patrick Waite sold 20,820 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the sale, the chief operating officer now owns 221,777 shares in the company, valued at $15,575,398.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,808 shares of company stock worth $6,348,011. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Equity LifeStyle Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Centersquare Investment Management LLC increased its stake in shares of Equity LifeStyle Properties by 22.9% in the first quarter. Centersquare Investment Management LLC now owns 123,030 shares of the real estate investment trust's stock worth $7,417,000 after acquiring an additional 22,900 shares during the period. GAMMA Investing LLC boosted its holdings in Equity LifeStyle Properties by 36.0% during the second quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust's stock worth $53,000 after buying an additional 217 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Equity LifeStyle Properties by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust's stock worth $21,952,000 after buying an additional 12,444 shares in the last quarter. Tidal Investments LLC boosted its holdings in Equity LifeStyle Properties by 35.3% during the first quarter. Tidal Investments LLC now owns 79,280 shares of the real estate investment trust's stock worth $5,106,000 after buying an additional 20,697 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Equity LifeStyle Properties by 46,368.4% during the first quarter. National Bank of Canada FI now owns 355,483 shares of the real estate investment trust's stock worth $22,321,000 after buying an additional 354,718 shares in the last quarter. Institutional investors and hedge funds 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.