Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives $73.78 Consensus PT from Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $73.78.

A number of analysts have recently issued reports on ELS shares. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Robert W. Baird raised their price objective 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. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada decreased their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th.

Equity LifeStyle Properties Price Performance

NYSE:ELS opened at $68.63 on Tuesday. Equity LifeStyle Properties has a one year low of $59.82 and a one year high of $76.60. The stock has a market cap of $13.12 billion, a PE ratio of 35.19, a P/E/G ratio of 3.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The stock has a 50 day moving average price of $66.48 and a 200 day moving average price of $69.04.

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

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is currently 105.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Pension Service purchased a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $25,000. Bessemer Group Inc. grew its holdings in Equity LifeStyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 210 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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.