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

Key Points

• Equity Lifestyle Properties, Inc. has received an average rating of "Moderate Buy" from twelve research firms, with three analysts recommending a hold, eight a buy, and one a strong buy.
• The company recently announced a quarterly dividend of $0.515 per share, reflecting an annual yield of 3.4% despite a dividend payout ratio of 106.74%.
• Equity Lifestyle Properties reported earnings per share of $0.69 for the last quarter, matching analyst expectations but showing a slight year-over-year revenue decline.

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $71.0455.

ELS has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Royal Bank Of Canada cut their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research note on Tuesday, July 22nd.

Equity Lifestyle Properties Stock Down 0.4%

NYSE:ELS traded down $0.26 during mid-day trading on Friday, reaching $60.13. The company's stock had a trading volume of 50,641 shares, compared to its average volume of 1,546,255. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $73.67. The stock has a fifty day moving average of $60.58 and a 200-day moving average of $62.92. The firm has a market capitalization of $11.65 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 3.27 and a beta of 0.73. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. 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 research analysts forecast that Equity Lifestyle Properties will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 12.3% in the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust's stock worth $100,000 after buying an additional 178 shares in the last quarter. Beese Fulmer Investment Management Inc. lifted its stake in shares of Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Equity Lifestyle Properties by 10.8% in the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust's stock worth $128,000 after buying an additional 201 shares in the last quarter. Xponance Inc. lifted its stake in shares of Equity Lifestyle Properties by 0.7% in the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock worth $2,077,000 after buying an additional 203 shares in the last quarter. Finally, GF Fund Management CO. LTD. lifted its stake in shares of Equity Lifestyle Properties by 6.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after buying an additional 218 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.