Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives Average Recommendation of “Moderate Buy” from Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $72.40.

A number of equities research analysts have issued reports on ELS shares. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.50 to $82.00 in a report on Thursday, September 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Compass Point lifted their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lifted their price target on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

Equity LifeStyle Properties Stock Up 1.0 %

ELS stock opened at $70.09 on Wednesday. Equity LifeStyle Properties has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $13.39 billion, a P/E ratio of 36.13, a PEG ratio of 3.78 and a beta of 0.79. The firm has a 50 day simple moving average of $71.01 and a 200-day simple moving average of $67.31.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts predict that Equity LifeStyle Properties will post 2.9 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio is 98.45%.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the transaction, the chief executive officer now owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the transaction, the chief executive officer now owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Patrick Waite sold 20,820 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $70.23, for a total value of $1,462,188.60. Following the transaction, the chief operating officer now directly owns 221,777 shares in the company, valued at $15,575,398.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,808 shares of company stock valued at $6,348,011 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Equity LifeStyle Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC increased its holdings in Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 146 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Equity LifeStyle Properties by 0.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,745,000 after purchasing an additional 152 shares during the period. Toronto Dominion Bank increased its stake in Equity LifeStyle Properties by 0.9% during the 2nd quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 154 shares in the last quarter. LRI Investments LLC raised its holdings in Equity LifeStyle Properties by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 171 shares during the period. Finally, Farrow Financial Inc. lifted its stake in Equity LifeStyle Properties by 1.0% in the second quarter. Farrow Financial Inc. now owns 22,089 shares of the real estate investment trust’s stock valued at $1,439,000 after buying an additional 211 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.