Equity Lifestyle Properties, Inc. (NYSE:ELS) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts collectively rate Equity Lifestyle Properties “Hold.” Of 15 analysts, seven recommend holding, six recommend buying, one strongly recommends buying and one recommends selling; the average 12-month price target is $67.09.
• The stock opened at $60.84, near the lower half of its $57.46–$69.00 52-week range. Recent analyst views included Barclays, Wells Fargo and Truist maintaining equal-weight or hold ratings, while Jefferies upgraded the stock to strong buy.
• Equity Lifestyle Properties missed quarterly EPS expectations, reporting $0.45 versus the $0.79 consensus, although revenue reached $409.9 million and rose 4.2% year over year. The REIT also pays a $2.17 annualized dividend, yielding about 3.6%.

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) have earned a consensus recommendation of "Hold" from the fifteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $67.09.

A number of analysts have recently weighed in on the stock. Barclays set a $66.00 price target on shares of Equity Lifestyle Properties and gave the stock an "equal weight" rating in a research note on Wednesday, October 14th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a "strong-buy" rating in a research note on Monday, October 12th. Wells Fargo & Company set a $64.00 price objective on shares of Equity Lifestyle Properties and gave the company an "equal weight" rating in a research note on Monday, October 19th. Weiss Ratings cut Equity Lifestyle Properties from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 8th. Finally, Truist Financial set a $64.00 target price on Equity Lifestyle Properties and gave the stock a "hold" rating in a research report on Friday, September 11th.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS opened at $60.84 on Friday. Equity Lifestyle Properties has a fifty-two week low of $57.46 and a fifty-two week high of $69.00. The firm's 50-day simple moving average is $61.26 and its 200 day simple moving average is $62.97. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.32. The stock has a market cap of $11.81 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.49 and a beta of 0.63.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.34). The company had revenue of $409.90 million during the quarter, compared to analyst estimates of $402.75 million. Equity Lifestyle Properties had a return on equity of 21.73% and a net margin of 24.97%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Equities analysts expect that Equity Lifestyle Properties will post 3.19 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, September 25th. This represents a $2.17 annualized dividend and a dividend yield of 3.6%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.90%.

Institutional Trading of Equity Lifestyle Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kennebec Savings Bank lifted its holdings in shares of Equity Lifestyle Properties by 74.9% during the 3rd quarter. Kennebec Savings Bank now owns 668 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 286 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Equity Lifestyle Properties by 5.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,076 shares of the real estate investment trust's stock worth $3,038,000 after buying an additional 2,669 shares during the last quarter. YANKCOM Partnership increased its holdings in Equity Lifestyle Properties by 44.9% in the third quarter. YANKCOM Partnership now owns 549 shares of the real estate investment trust's stock worth $32,000 after buying an additional 170 shares during the last quarter. Mather Group LLC. increased its holdings in Equity Lifestyle Properties by 122.0% in the third quarter. Mather Group LLC. now owns 535 shares of the real estate investment trust's stock worth $31,000 after buying an additional 294 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in Equity Lifestyle Properties during the third quarter valued at approximately $819,000. Institutional investors own 97.21% of the company's stock.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc NYSE: ELS is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.

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