Equity LifeStyle Properties (ELS) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity LifeStyle Properties in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ELS shares.
View ELS analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 1 year target prices for Equity LifeStyle Properties' stock. Their ELS share price forecasts range from $69.00 to $78.00. On average, they expect the company's share price to reach $73.50 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for ELS or view top-rated stocks among Wall Street analysts.

Equity LifeStyle Properties' stock was trading at $64.60 at the beginning of the year. Since then, ELS stock has increased by 2.7% and is now trading at $66.33.
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Equity LifeStyle Properties saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 8,050,000 shares, an increase of 20.1% from the July 31st total of 6,700,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 4.5% of the shares of the stock are short sold.
View Equity LifeStyle Properties' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 16th 2023.
View our ELS earnings forecast.

Equity LifeStyle Properties, Inc. (NYSE:ELS) released its quarterly earnings results on Tuesday, July, 18th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.32. The real estate investment trust had revenue of $370.01 million for the quarter, compared to analyst estimates of $325.08 million. Equity LifeStyle Properties had a net margin of 19.53% and a trailing twelve-month return on equity of 18.86%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share.

Equity LifeStyle Properties announced a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.447 per share on Friday, October 13th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for ELS.

ETFs with the largest weight of Equity LifeStyle Properties (NYSE:ELS) stock in their portfolio include Nuveen Short-Term REIT ETF (NURE), SP Funds S&P Global REIT Sharia ETF (SPRE), Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), Principal Real Estate Active Opportunities ETF (BYRE), iShares Residential and Multisector Real Estate ETF (REZ), Goldman Sachs Future Real Estate and Infrastructure Equity ETF (GREI) and Fidelity Real Estate Investment ETF (FPRO).

Equity LifeStyle Properties (NYSE:ELS) pays an annual dividend of $1.79 per share and currently has a dividend yield of 2.65%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 116.99%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ELS will have a dividend payout ratio of 58.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ELS.

Shares of Equity LifeStyle Properties split on Wednesday, October 16th 2019. The 2-1 split was announced on Friday, September 20th 2019. The newly issued shares were distributed to shareholders after the closing bell on Tuesday, October 15th 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Equity LifeStyle Properties issued an update on its FY 2023 earnings guidance on Tuesday, July, 18th. The company provided earnings per share guidance of $2.80-$2.90 for the period, compared to the consensus estimate of $2.85. The company issued revenue guidance of -.

151 employees have rated Equity LifeStyle Properties Chief Executive Officer Marguerite Nader on Glassdoor.com. Marguerite Nader has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Equity LifeStyle Properties investors own include Realty Income (O), Bristol-Myers Squibb (BMY), Ventas (VTR), Verizon Communications (VZ), American Tower (AMT), Digital Realty Trust (DLR), Prologis (PLD), Crown Castle (CCI), Home Depot (HD) and Procter & Gamble (PG).

Equity LifeStyle Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELS."

Equity LifeStyle Properties' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.05%), Aristotle Capital Management LLC (5.29%), Chai Trust Co. LLC (4.81%), State Street Corp (4.52%), Principal Financial Group Inc. (3.90%) and Victory Capital Management Inc. (3.07%).
View institutional ownership trends.

Shares of ELS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ELS stock can currently be purchased for approximately $66.33.

Equity LifeStyle Properties (NYSE:ELS) has a market capitalization of $12.36 billion and generates $1.44 billion in revenue each year. The real estate investment trust earns $284.63 million in net income (profit) each year or $1.53 on an earnings per share basis.

The company employs 4,200 workers across the globe.

Equity LifeStyle Properties' mailing address is TWO N RIVERSIDE PLZ STE 800, CHICAGO IL, 60606. The official website for the company is www.equitylifestyleproperties.com. The real estate investment trust can be reached via phone at (312) 279-1400, via email at investor_relations@equitylifestyle.com, or via fax at 312-279-1710.