Equity Lifestyle Properties (NYSE:ELS) Upgraded by Compass Point to "Strong-Buy" Rating

Compass Point upgraded shares of Equity Lifestyle Properties (NYSE:ELS - Free Report) from a hold rating to a strong-buy rating in a report published on Tuesday, MarketBeat.com reports. The firm currently has $72.00 price objective on the real estate investment trust's stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets lowered 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. Barclays initiated 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 target on the stock. Truist Financial dropped their price objective on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group initiated coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. Finally, Morgan Stanley assumed coverage on Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 target price on the stock. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Equity Lifestyle Properties has an average rating of "Moderate Buy" and a consensus target price of $72.05.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock traded down $1.00 during trading hours on Tuesday, hitting $59.95. The company's stock had a trading volume of 2,198,319 shares, compared to its average volume of 1,504,016. The company has a market cap of $11.46 billion, a PE ratio of 31.06, a PEG ratio of 3.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.03 and a current ratio of 0.04. The business has a 50 day moving average price of $62.61 and a two-hundred day moving average price of $64.72. Equity Lifestyle Properties has a 12-month low of $58.86 and a 12-month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued 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 return on equity of 21.12% and a net margin of 24.13%. The company had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. During the same quarter last year, the company earned $0.66 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Equity Lifestyle Properties will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.44%. Equity Lifestyle Properties's payout ratio is currently 106.74%.

Insider Transactions 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Equity Lifestyle Properties

Several large investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted 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 buying an additional 210 shares during the period. Brooklyn Investment Group raised its stake 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 acquiring an additional 384 shares during the period. National Pension Service lifted its holdings in shares of Equity Lifestyle Properties by 75.0% in the 1st 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 last quarter. IFP Advisors Inc boosted its stake in shares of Equity Lifestyle Properties by 874.7% during the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 761 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of Equity Lifestyle Properties during the 1st quarter worth about $61,000. Institutional investors own 97.21% of the company's stock.

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.