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

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Four 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $73.90.

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

Equity Lifestyle Properties Stock Performance

ELS traded down $0.11 during midday trading on Monday, reaching $61.93. The company had a trading volume of 347,874 shares, compared to its average volume of 1,324,777. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $63.17 and a two-hundred day moving average of $65.13. The company has a market cap of $11.84 billion, a P/E ratio of 32.10, a P/E/G ratio of 3.33 and a beta of 0.72. Equity Lifestyle Properties has a 1 year low of $58.86 and a 1 year high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting analysts' consensus estimates of $0.83. The business had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. During the same quarter in the prior year, the business posted $0.59 earnings per share. As a group, equities research analysts predict that Equity Lifestyle Properties will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, June 27th. Equity Lifestyle Properties's dividend payout ratio is presently 106.74%.

Insiders Place Their Bets

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, the chief financial officer owned 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 filing with the SEC, which is available through this link. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Equity Lifestyle Properties

A number of institutional investors and hedge funds have recently modified their holdings of ELS. Assetmark Inc. boosted its holdings in shares of Equity Lifestyle Properties by 133.5% in the 4th quarter. Assetmark Inc. now owns 35,677 shares of the real estate investment trust's stock worth $2,376,000 after purchasing an additional 20,398 shares during the period. Atria Investments Inc boosted its holdings in shares of Equity Lifestyle Properties by 14.8% in the 4th quarter. Atria Investments Inc now owns 34,438 shares of the real estate investment trust's stock worth $2,294,000 after purchasing an additional 4,434 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Equity Lifestyle Properties in the 4th quarter worth approximately $2,374,000. Aigen Investment Management LP purchased a new position in shares of Equity Lifestyle Properties in the 4th quarter worth approximately $232,000. Finally, Arizona State Retirement System boosted its holdings in shares of Equity Lifestyle Properties by 1.4% in the 4th quarter. Arizona State Retirement System now owns 51,466 shares of the real estate investment trust's stock worth $3,428,000 after purchasing an additional 706 shares during the period. 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.