Equity Lifestyle Properties, Inc. (NYSE:ELS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Equity Lifestyle Properties, Inc. has received a consensus rating of "Moderate Buy" from analysts, with a price target averaging $71.50.
• The company recently reported $0.69 earnings per share for the last quarter, meeting expectations, but experienced a 0.8% decline in revenue year-over-year.
• Equity Lifestyle Properties will pay a quarterly dividend of $0.515 per share on October 10th, representing an annualized yield of 3.4%.

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $71.50.

A number of analysts recently weighed in on the stock. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Morgan Stanley started coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, July 15th. They set a "positive" rating and a $67.50 price target for the company. Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada decreased their price target on shares of 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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock worth $1,677,582,000 after buying an additional 97,306 shares during the period. State Street Corp lifted its stake in shares of Equity Lifestyle Properties by 1.8% during the second quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust's stock worth $824,943,000 after buying an additional 237,090 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 4.6% during the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after buying an additional 278,193 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Equity Lifestyle Properties by 15.1% during the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after buying an additional 699,877 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Equity Lifestyle Properties by 12.2% during the second quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust's stock worth $291,363,000 after buying an additional 515,063 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS traded up $0.50 during mid-day trading on Tuesday, hitting $60.14. 507,631 shares of the company's stock traded hands, compared to its average volume of 1,522,443. The company's 50-day moving average is $61.07 and its two-hundred day moving average is $63.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $11.65 billion, a P/E ratio of 31.16, a PEG ratio of 3.24 and a beta of 0.70. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. During the same period in the prior year, the company earned $0.66 EPS. The business's revenue was down .8% compared to the same quarter last year. 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, equities analysts anticipate that Equity Lifestyle Properties will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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