Brokerages Set Equity Lifestyle Properties, Inc. (NYSE:ELS) PT at $71.50

Key Points

• Equity Lifestyle Properties, Inc. (NYSE:ELS) has received an average rating of "Moderate Buy" from brokerages, with nine buy recommendations and one strong buy recommendation.
• The company's 12-month target price averages at $71.50, with various analysts adjusting their price targets recently.
• Equity Lifestyle Properties has declared a quarterly dividend of $0.515 per share, reflecting an annualized total of $2.06 and a yield of 3.4%.

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $71.50.

A number of analysts have issued reports on the company. BMO Capital Markets decreased their target price on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $70.00 to $67.00 in a research report on Tuesday. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research report on Tuesday, July 22nd. Truist Financial decreased their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday. 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 report on Wednesday, July 23rd.

Insider Buying and Selling at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties stock in a transaction 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 transaction, the chief financial officer directly owned 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Equity Lifestyle Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELS. Bessemer Group Inc. grew its position 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 buying an additional 210 shares in the last quarter. Brooklyn Investment Group grew its position 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 buying an additional 384 shares in the last quarter. National Pension Service grew its position 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 buying an additional 276 shares in the last quarter. IFP Advisors Inc grew its position in Equity Lifestyle Properties by 874.7% during the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock worth $52,000 after buying an additional 761 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in Equity Lifestyle Properties during the first quarter worth about $61,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock traded up $0.37 during mid-day trading on Friday, reaching $60.29. 2,200,136 shares of the company's stock were exchanged, compared to its average volume of 1,759,561. The business's fifty day simple moving average is $62.02 and its 200 day simple moving average is $64.48. The firm has a market capitalization of $11.68 billion, a PE ratio of 31.24, a P/E/G ratio of 3.20 and a beta of 0.70. Equity Lifestyle Properties has a one year low of $58.15 and a one year high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly 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. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%. The business had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same period last year, the company posted $0.66 earnings per share. Equity Lifestyle Properties's quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Equity Lifestyle Properties will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties's payout ratio is 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.