Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Equity Lifestyle Properties, with 8 hold, 6 buy, 1 strong-buy and 1 sell rating. The average 12-month price target is $67.88, compared with the reported share price of $58.73.
• Institutional ownership remains high at 97.21%, with several investment firms increasing their positions during the second quarter.
• ELS reported quarterly EPS of $0.50, below the $0.72 consensus estimate, although revenue rose 5.5% year over year to $397.81 million. The company declared a quarterly dividend of $0.5425, representing a 3.7% annualized yield.

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) have earned an average recommendation of "Hold" from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $67.88.

ELS has been the topic of several research analyst reports. Truist Financial set a $64.00 price target on shares of Equity Lifestyle Properties and gave the company a "hold" rating in a research report on Friday, September 11th. Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a report on Thursday, July 9th. UBS Group set a $65.00 price objective on Equity Lifestyle Properties in a research report on Monday, September 21st. Mizuho reiterated a "neutral" rating and set a $65.00 target price (down from $72.00) on shares of Equity Lifestyle Properties in a report on Monday, September 21st. Finally, Evercore set a $68.00 target price on Equity Lifestyle Properties in a research report on Monday, September 21st.

Hedge Funds Weigh In On Equity Lifestyle Properties

A number of institutional investors have recently added to or reduced their stakes in ELS. QRG Capital Management Inc. lifted its position in Equity Lifestyle Properties by 4.7% during the second quarter. QRG Capital Management Inc. now owns 12,531 shares of the real estate investment trust's stock valued at $808,000 after buying an additional 561 shares during the period. Tidal Investments LLC increased its stake in shares of Equity Lifestyle Properties by 10.6% in the 2nd quarter. Tidal Investments LLC now owns 185,999 shares of the real estate investment trust's stock worth $11,988,000 after acquiring an additional 17,878 shares in the last quarter. Van Hulzen Asset Management LLC bought a new position in shares of Equity Lifestyle Properties in the 2nd quarter worth about $709,000. Integrated Wealth Concepts LLC purchased a new position in Equity Lifestyle Properties during the 2nd quarter valued at about $103,000. Finally, NewEdge Advisors LLC lifted its position in Equity Lifestyle Properties by 6.1% during the 2nd quarter. NewEdge Advisors LLC now owns 62,594 shares of the real estate investment trust's stock valued at $4,034,000 after acquiring an additional 3,605 shares during the period. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $58.73 on Wednesday. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.44 and a beta of 0.64. The stock has a fifty day moving average of $63.37 and a 200 day moving average of $63.60. Equity Lifestyle Properties has a 52 week low of $58.38 and a 52 week high of $69.00. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.31.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.22). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The company had revenue of $397.81 million for the quarter, compared to analysts' expectations of $383.66 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Equity Lifestyle Properties will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties's dividend payout ratio is presently 104.33%.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc NYSE: ELS is a real estate investment trust that owns and operates manufactured home communities, recreational vehicle resorts and marinas. Its properties provide residential sites for manufactured homes and park model homes, as well as vacation-oriented accommodations and facilities for RV owners and boaters.

The company serves a range of residents and travelers through long-term manufactured housing communities, seasonal and transient RV resorts, and marina properties.

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