Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Equity Lifestyle Properties, with eight holds, seven buys, one strong buy and one sell. The average 12-month price target is approximately $68.70, versus a recent share price of $64.51.
• ELS reported quarterly EPS of $0.50, missing the $0.72 consensus estimate, while revenue rose 5.5% year over year to $397.81 million and exceeded expectations.
• The company declared a quarterly dividend of $0.5425 per share, equivalent to an annualized $2.17 payout and a 3.4% yield. Institutional investors own 97.21% of the stock, including a newly reported large position from BlackRock.

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has received a consensus rating of "Hold" from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $68.6964.

Several research firms have recently weighed in on ELS. Barclays reissued an "equal weight" rating and issued a $68.00 price objective on shares of Equity Lifestyle Properties in a research report on Tuesday, July 14th. Robert W. Baird raised their target price on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a "hold" rating to a "buy" rating and set a $72.00 target price for the company in a report on Wednesday, April 15th. Wells Fargo & Company cut their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an "equal weight" rating on the stock in a report on Monday, June 1st. Finally, Jefferies Financial Group raised shares of Equity Lifestyle Properties to a "strong-buy" rating in a research report on Wednesday, July 22nd.

Equity Lifestyle Properties Trading Down 1.0%

Shares of ELS stock opened at $64.51 on Tuesday. The firm has a fifty day moving average of $64.32 and a 200-day moving average of $64.51. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 3.80 and a beta of 0.64. Equity Lifestyle Properties has a 52-week low of $58.72 and a 52-week high of $69.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.02 and a current ratio of 0.02.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.22). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The business had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Equity Lifestyle Properties will post 3.19 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio is 104.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ELS. Great Lakes Advisors LLC bought a new stake in shares of Equity Lifestyle Properties during the second quarter valued at about $2,228,000. Danske Bank A S purchased a new stake in shares of Equity Lifestyle Properties in the second quarter worth about $64,000. Tiemann Investment Advisors LLC bought a new position in shares of Equity Lifestyle Properties in the second quarter valued at approximately $687,000. BlackRock Inc. bought a new position in shares of Equity Lifestyle Properties in the second quarter valued at approximately $1,576,449,000. Finally, Pallas Capital Advisors LLC purchased a new position in Equity Lifestyle Properties during the second quarter valued at approximately $316,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc NYSE: ELS is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company's portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.

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