Analysts Set Equity LifeStyle Properties, Inc. (NYSE:ELS) PT at $72.40

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $72.40.

A number of brokerages have recently issued reports on ELS. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Truist Financial boosted their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $68.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock opened at $69.29 on Wednesday. Equity LifeStyle Properties has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $12.92 billion, a P/E ratio of 36.19, a P/E/G ratio of 3.82 and a beta of 0.79. The company’s fifty day moving average price is $71.05 and its two-hundred day moving average price is $67.07.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $315.78 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts anticipate that Equity LifeStyle Properties will post 2.9 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties’s payout ratio is 98.45%.

Insider Buying and Selling

In related news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 221,777 shares in the company, valued at $15,575,398.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Seavey sold 31,988 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the completion of the sale, the chief financial officer now owns 148,463 shares of the company’s stock, valued at approximately $11,109,486.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,808 shares of company stock worth $6,348,011. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Equity LifeStyle Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELS. PGGM Investments lifted its position in Equity LifeStyle Properties by 4,586.1% in the 2nd quarter. PGGM Investments now owns 1,843,496 shares of the real estate investment trust’s stock worth $120,067,000 after buying an additional 1,804,156 shares in the last quarter. Principal Financial Group Inc. lifted its position in Equity LifeStyle Properties by 56.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust’s stock worth $159,232,000 after buying an additional 805,681 shares in the last quarter. ProShare Advisors LLC lifted its position in Equity LifeStyle Properties by 4,590.4% in the 1st quarter. ProShare Advisors LLC now owns 459,846 shares of the real estate investment trust’s stock worth $29,614,000 after buying an additional 450,042 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Equity LifeStyle Properties by 569.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 494,940 shares of the real estate investment trust’s stock worth $32,235,000 after buying an additional 421,062 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Equity LifeStyle Properties by 46,368.4% during the 1st quarter. National Bank of Canada FI now owns 355,483 shares of the real estate investment trust’s stock valued at $22,321,000 after purchasing an additional 354,718 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

About Equity LifeStyle Properties

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.