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Analysts Set Equity LifeStyle Properties, Inc. (NYSE:ELS) PT at $73.90

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Equity LifeStyle Properties, Inc. (NYSE:ELS - Get Free Report) has received an average rating of "Moderate Buy" from the eleven research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $73.90.

Several analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Barclays assumed coverage on shares of Equity LifeStyle Properties in a report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective for the company. Finally, BMO Capital Markets dropped their target price on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd.

View Our Latest Analysis on ELS

Insider Activity at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional Trading of Equity LifeStyle Properties

A number of institutional investors have recently added to or reduced their stakes in ELS. Empowered Funds LLC bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at about $380,000. Louisiana State Employees Retirement System grew its stake in Equity LifeStyle Properties by 2.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 53,000 shares of the real estate investment trust's stock valued at $3,530,000 after acquiring an additional 1,300 shares in the last quarter. Van ECK Associates Corp increased its holdings in Equity LifeStyle Properties by 0.9% during the 4th quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust's stock worth $5,477,000 after acquiring an additional 759 shares during the period. Asset Management One Co. Ltd. increased its holdings in Equity LifeStyle Properties by 4.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 402,570 shares of the real estate investment trust's stock worth $26,811,000 after acquiring an additional 17,728 shares during the period. Finally, Rhumbline Advisers lifted its stake in Equity LifeStyle Properties by 3.0% in the 4th quarter. Rhumbline Advisers now owns 566,942 shares of the real estate investment trust's stock worth $37,758,000 after purchasing an additional 16,521 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Down 1.2%

NYSE ELS traded down $0.74 during trading hours on Thursday, hitting $62.26. The company's stock had a trading volume of 838,984 shares, compared to its average volume of 1,327,311. The company has a market capitalization of $11.90 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties has a 52 week low of $58.86 and a 52 week high of $76.60. The company's 50-day simple moving average is $63.80 and its two-hundred day simple moving average is $65.94.

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

Equity LifeStyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.31%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Equity LifeStyle Properties Company Profile

(Get Free Report

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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Analyst Recommendations for Equity LifeStyle Properties (NYSE:ELS)

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