Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Rating of “Moderate Buy” by Brokerages

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $73.30.

Several equities research analysts have commented on the stock. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Compass Point raised their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI increased their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, October 21st.

Hedge Funds Weigh In On Equity LifeStyle Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its holdings in Equity LifeStyle Properties by 370.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock worth $166,182,000 after purchasing an additional 1,834,491 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Equity LifeStyle Properties by 592.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust’s stock worth $116,068,000 after buying an additional 1,391,846 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Equity LifeStyle Properties by 56.5% in the third quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust’s stock valued at $159,232,000 after acquiring an additional 805,681 shares during the period. Caprock Group LLC acquired a new position in shares of Equity LifeStyle Properties in the third quarter valued at about $54,866,000. Finally, Quantinno Capital Management LP increased its position in Equity LifeStyle Properties by 14,049.2% during the third quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust’s stock worth $50,935,000 after acquiring an additional 708,925 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Up 0.5 %

NYSE:ELS opened at $66.52 on Monday. The stock has a 50-day simple moving average of $68.54 and a 200 day simple moving average of $69.46. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a market cap of $12.71 billion, a PE ratio of 34.29, a PEG ratio of 3.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The business had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equity LifeStyle Properties’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. On average, sell-side analysts expect that Equity LifeStyle Properties will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.477 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.91 annualized dividend and a yield of 2.87%. Equity LifeStyle Properties’s dividend payout ratio is currently 98.45%.

About Equity LifeStyle Properties

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.