Equity Lifestyle Properties, Inc. (NYSE:ELS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Equity Lifestyle Properties, Inc. has a consensus rating of "Moderate Buy" from analysts, with an average one-year price target of $71.05.
• Recent hedge fund activities include substantial new positions by Norges Bank and Nuveen LLC, indicating increasing institutional investment interest.
• The company declared a quarterly dividend of $0.515, with an annualized yield of 3.3%, despite a payout ratio of 106.74%.

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $71.0455.

Several brokerages recently weighed in on ELS. Royal Bank Of Canada decreased their target price on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research report on Tuesday, July 22nd.

Hedge Funds Weigh In On Equity Lifestyle Properties

A number of hedge funds and other institutional investors have recently modified their holdings of ELS. Norges Bank acquired a new position in shares of Equity Lifestyle Properties in the 2nd quarter valued at $164,862,000. Nuveen LLC acquired a new position in shares of Equity Lifestyle Properties in the 1st quarter valued at $142,937,000. Royal London Asset Management Ltd. lifted its stake in Equity Lifestyle Properties by 1,520.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust's stock worth $109,267,000 after acquiring an additional 1,662,458 shares in the last quarter. Bank of America Corp DE boosted its position in Equity Lifestyle Properties by 53.6% during the 2nd quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust's stock worth $137,361,000 after acquiring an additional 777,107 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Equity Lifestyle Properties by 72.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,722,135 shares of the real estate investment trust's stock worth $106,204,000 after acquiring an additional 721,779 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Down 0.6%

NYSE:ELS opened at $62.09 on Wednesday. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $73.67. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 3.37 and a beta of 0.71. The business has a fifty day moving average of $60.77 and a 200-day moving average of $62.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Equities analysts predict that Equity Lifestyle Properties will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.515 dividend. The ex-dividend date was Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

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.

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