Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives $73.90 Consensus Target Price from Analysts

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $73.90.

Several equities analysts have recently commented on ELS shares. Jefferies Financial Group started coverage on Equity Lifestyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Barclays started coverage on 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. Truist Financial cut their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, BMO Capital Markets cut their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd.

Equity Lifestyle Properties Trading Up 0.2%

NYSE ELS traded up $0.11 on Monday, reaching $61.86. 17,166 shares of the company were exchanged, compared to its average volume of 1,320,614. The business's fifty day moving average price is $63.22 and its 200 day moving average price is $65.16. The stock has a market capitalization of $11.83 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 3.34 and a beta of 0.72. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14. Equity Lifestyle Properties has a fifty-two week low of $58.86 and a fifty-two week high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting analysts' consensus estimates of $0.83. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. The company had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. Analysts forecast that Equity Lifestyle Properties will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

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

Insider Activity at Equity Lifestyle Properties

In other 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 value of $647,200.00. Following the completion of the sale, the chief financial officer directly owned 78,162 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Equity Lifestyle Properties

Several hedge funds have recently modified their holdings of the business. Bessemer Group Inc. raised its holdings 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 purchasing an additional 210 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Equity Lifestyle Properties by 673.7% in the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 384 shares during the period. National Pension Service grew its position in shares of Equity Lifestyle Properties by 75.0% in the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 276 shares during the period. SVB Wealth LLC purchased a new stake in shares of Equity Lifestyle Properties in the first quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Equity Lifestyle Properties by 31.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock valued at $95,000 after purchasing an additional 345 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

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.