Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives $73.78 Average Target Price from Brokerages

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $74.20.

ELS has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. BMO Capital Markets upgraded shares of Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th.

Institutional Trading of Equity LifeStyle Properties

Several hedge funds and other institutional investors have recently modified their holdings of ELS. Townsquare Capital LLC boosted its position in Equity LifeStyle Properties by 23.7% during the 3rd quarter. Townsquare Capital LLC now owns 12,835 shares of the real estate investment trust’s stock worth $916,000 after acquiring an additional 2,458 shares during the period. Empowered Funds LLC purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth approximately $380,000. Vert Asset Management LLC boosted its holdings in shares of Equity LifeStyle Properties by 9.8% during the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust’s stock worth $5,296,000 after purchasing an additional 7,092 shares during the period. Nordea Investment Management AB grew its position in Equity LifeStyle Properties by 6.4% during the fourth quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust’s stock valued at $1,432,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Equity LifeStyle Properties by 95.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,578 shares of the real estate investment trust’s stock valued at $2,311,000 after buying an additional 15,899 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Down 3.1 %

Shares of Equity LifeStyle Properties stock opened at $65.94 on Friday. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a market capitalization of $12.60 billion, a P/E ratio of 33.82, a PEG ratio of 3.02 and a beta of 0.72. The business’s fifty day moving average price is $66.98 and its two-hundred day moving average price is $68.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, research analysts forecast that Equity LifeStyle Properties will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.515 per share. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.12%. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties’s payout ratio is 105.64%.

Equity LifeStyle Properties Company Profile

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.