Equity Lifestyle Properties (NYSE:ELS) Upgraded at Compass Point

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

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets cut 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 research report on Tuesday, April 22nd. Barclays assumed coverage on shares of Equity Lifestyle Properties in a research report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 target price on the stock. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price target on the stock. Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Finally, Truist Financial dropped their price target on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $72.05.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock traded down $0.56 during midday trading on Tuesday, hitting $60.38. 380,962 shares of the company traded hands, compared to its average volume of 1,476,472. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 3.32 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 firm's fifty day moving average price is $62.68 and its 200-day moving average price is $64.76. 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 announced its quarterly 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 company had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same period in the previous year, the firm posted $0.66 EPS. The firm's revenue was down .8% on a year-over-year basis. As a group, sell-side analysts forecast that Equity Lifestyle Properties will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.515 per share. The ex-dividend date was Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.41%. Equity Lifestyle Properties's payout ratio is presently 106.74%.

Insider Activity

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the sale, the chief financial officer owned 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Institutional Trading of Equity Lifestyle Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of ELS. HighTower Advisors LLC increased its stake in Equity Lifestyle Properties by 2.1% during the 4th quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock valued at $762,000 after purchasing an additional 238 shares in the last quarter. Natixis Advisors LLC increased its stake in Equity Lifestyle Properties by 10.3% during the 4th quarter. Natixis Advisors LLC now owns 29,427 shares of the real estate investment trust's stock valued at $1,960,000 after purchasing an additional 2,751 shares in the last quarter. Corient Private Wealth LLC increased its stake in Equity Lifestyle Properties by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock valued at $1,523,000 after purchasing an additional 230 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Equity Lifestyle Properties by 63.6% in the 4th quarter. Teacher Retirement System of Texas now owns 16,800 shares of the real estate investment trust's stock worth $1,119,000 after acquiring an additional 6,531 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Equity Lifestyle Properties in the 4th quarter worth $4,074,000. 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.