Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives $70.14 Consensus Price Target from Analysts

by · The Markets Daily

Equity Lifestyle Properties, Inc. (NYSE:ELS – Get Free Report) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $70.1364.

A number of research firms have weighed in on ELS. Evercore ISI decreased their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Wells Fargo & Company decreased their target price on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Morgan Stanley dropped their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th.

Check Out Our Latest Report on Equity Lifestyle Properties

Equity Lifestyle Properties Stock Down 0.7%

Shares of NYSE ELS opened at $61.66 on Thursday. The stock has a fifty day moving average price of $61.93 and a 200 day moving average price of $61.60. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $70.54. The company has a market cap of $11.95 billion, a P/E ratio of 30.99, a P/E/G ratio of 3.43 and a beta of 0.78.

Equity Lifestyle Properties (NYSE:ELS – Get Free Report) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The company had revenue of $393.31 million during the quarter, compared to the consensus estimate of $389.39 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that Equity Lifestyle Properties will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 26th. Equity Lifestyle Properties’s payout ratio is presently 103.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wiser Advisor Group LLC purchased a new stake in Equity Lifestyle Properties during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group grew its position in shares of Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 384 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 453 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Equity Lifestyle Properties in the third quarter worth $34,000. Finally, Bessemer Group Inc. raised its holdings in Equity Lifestyle Properties by 126.9% in the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

(Get Free Report)

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.

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