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

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $73.90.

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

Equity LifeStyle Properties Stock Up 0.6%

Shares of ELS stock traded up $0.35 during trading hours on Thursday, reaching $62.98. 1,102,426 shares of the stock were exchanged, compared to its average volume of 1,329,091. Equity LifeStyle Properties has a 12-month low of $58.86 and a 12-month high of $76.60. The business's fifty day moving average is $63.80 and its two-hundred day moving average is $66.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The firm has a market capitalization of $12.04 billion, a P/E ratio of 32.30, a P/E/G ratio of 3.02 and a beta of 0.73.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate 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 analyst estimates of $391.34 million. During the same quarter last year, the company earned $0.59 EPS. As a group, research analysts expect that Equity LifeStyle Properties will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The business also recently announced 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 yield of 3.27%. Equity LifeStyle Properties's payout ratio is 106.74%.

Insider Buying and Selling

In other news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ELS. Empowered Funds LLC purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth about $380,000. Van ECK Associates Corp boosted its position 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 valued at $5,477,000 after purchasing an additional 759 shares during the period. OFI Invest Asset Management bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $659,000. Proficio Capital Partners LLC bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at about $2,374,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Equity LifeStyle Properties by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,553,330 shares of the real estate investment trust's stock valued at $170,052,000 after purchasing an additional 112,139 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.