Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $73.30.

A number of research firms recently weighed in on ELS. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird upped their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Evercore ISI increased their target price on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moran Wealth Management LLC boosted its position in shares of Equity LifeStyle Properties by 0.8% during the 3rd quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock worth $1,264,000 after purchasing an additional 143 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Equity LifeStyle Properties by 31.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 146 shares during the period. Toronto Dominion Bank boosted its holdings in Equity LifeStyle Properties by 0.9% in the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock worth $1,106,000 after acquiring an additional 154 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Equity LifeStyle Properties by 43.5% in 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Equity LifeStyle Properties by 14.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 269 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Stock Performance

NYSE:ELS opened at $66.52 on Monday. The stock’s 50-day moving average is $68.54 and its 200-day moving average is $69.46. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.71 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 3.21 and a beta of 0.79.

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

Equity LifeStyle Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio is presently 98.45%.

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.