Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives $71.05 Average Price Target from 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 an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $71.0455.

A number of research analysts have commented on the company. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. 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 note on Tuesday, July 22nd. Morgan Stanley decreased their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research note on Thursday, September 4th. Finally, 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.

Hedge Funds Weigh In On Equity Lifestyle Properties

A number of hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group grew its position in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 384 shares during the last quarter. National Pension Service boosted its position in Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 276 shares during the last quarter. Allworth Financial LP boosted its position in Equity Lifestyle Properties by 204.1% in the 2nd quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 443 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 761 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Equity Lifestyle Properties in the 1st quarter worth $61,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

ELS stock traded down $0.18 during trading on Friday, reaching $60.39. 513,125 shares of the company's stock were exchanged, compared to its average volume of 1,550,904. 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 has a 1-year low of $58.15 and a 1-year high of $73.87. The company's fifty day moving average price is $60.61 and its 200-day moving average price is $62.98. The firm has a market cap of $11.70 billion, a PE ratio of 31.29, a P/E/G ratio of 3.27 and a beta of 0.73.

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

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.515 dividend. The ex-dividend date of this dividend 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 is presently 106.74%.

Equity Lifestyle Properties Company Profile

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.