Brokerages Set Equity Lifestyle Properties, Inc. (NYSE:ELS) PT at $73.90

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

Several equities analysts recently weighed in on ELS shares. Truist Financial reduced their target price on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group started coverage on shares of Equity Lifestyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. BMO Capital Markets reduced 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 report on Tuesday, April 22nd. Finally, Barclays began coverage on shares of Equity Lifestyle Properties in a report on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price objective on the stock.

Equity Lifestyle Properties Trading Down 0.3%

Shares of NYSE ELS traded down $0.21 during trading on Monday, hitting $61.83. 1,233,920 shares of the company traded hands, compared to its average volume of 1,327,913. Equity Lifestyle Properties has a 1 year low of $58.86 and a 1 year high of $76.60. The company has a 50-day moving average price of $63.11 and a 200-day moving average price of $65.10. The firm has a market capitalization of $11.82 billion, a P/E ratio of 32.04, a P/E/G ratio of 3.35 and a beta of 0.72. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14.

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 the consensus estimate of $0.83. The business had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. During the same quarter in the previous year, the business posted $0.59 EPS. On average, equities analysts predict that Equity Lifestyle Properties will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid 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 3.33%. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Insider Activity

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

Institutional Investors Weigh In On Equity Lifestyle Properties

A number of institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its stake in Equity Lifestyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 210 shares during the period. Brooklyn Investment Group raised its stake in Equity Lifestyle Properties by 673.7% during the first 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 period. National Pension Service raised its stake in Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 276 shares during the period. SVB Wealth LLC acquired a new stake in Equity Lifestyle Properties during the first quarter worth about $61,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Equity Lifestyle Properties by 31.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock worth $95,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

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.