Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Rating of "Moderate Buy" by Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS - Get Free Report) has earned an average rating of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $74.33.

A number of analysts have issued reports on the company. Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price for the company. Royal Bank of Canada dropped their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Evercore ISI dropped their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Finally, Truist Financial dropped their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st.

Equity LifeStyle Properties Price Performance

NYSE:ELS traded up $0.14 during trading hours on Friday, reaching $63.53. The stock had a trading volume of 809,465 shares, compared to its average volume of 1,300,367. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties has a 52 week low of $58.86 and a 52 week high of $76.60. The company has a 50 day moving average price of $64.86 and a two-hundred day moving average price of $66.82. The stock has a market capitalization of $12.15 billion, a PE ratio of 32.58, a PEG ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The business had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, sell-side analysts anticipate that Equity LifeStyle Properties will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's payout ratio is currently 106.74%.

Insider Activity at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, the chief financial officer now owns 78,162 shares in the company, valued at $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Equity LifeStyle Properties

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Equity LifeStyle Properties by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock valued at $1,677,582,000 after acquiring an additional 97,306 shares during the period. Principal Financial Group Inc. raised its position in Equity LifeStyle Properties by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after purchasing an additional 278,193 shares in the last quarter. Victory Capital Management Inc. raised its position in Equity LifeStyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after purchasing an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. raised its position in Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock valued at $339,713,000 after purchasing an additional 147,332 shares in the last quarter. Finally, Invesco Ltd. raised its position in Equity LifeStyle Properties by 592.7% during the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock valued at $260,955,000 after purchasing an additional 3,352,584 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

About Equity LifeStyle Properties

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.