Equity Lifestyle Properties Inc. (NYSE:ELS) Given Consensus Rating of “Hold” by Analysts
Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$75.63.
Several research firms have issued reports on ELS. BMO Capital Markets restated a “hold” rating and issued a $77.00 price target on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Citigroup Inc. raised their price target on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th.
Equity Lifestyle Properties (NYSE:ELS) traded up 0.36% on Friday, reaching $71.61. 179,147 shares of the company’s stock traded hands. The stock has a market capitalization of $6.11 billion, a PE ratio of 38.65 and a beta of 0.40. The firm’s 50-day moving average is $77.59 and its 200 day moving average is $75.63. Equity Lifestyle Properties has a 52-week low of $57.71 and a 52-week high of $83.19.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $210.10 million for the quarter, compared to analyst estimates of $114.76 million. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. Analysts forecast that Equity Lifestyle Properties will post $3.30 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, September 28th. Equity Lifestyle Properties’s payout ratio is presently 91.40%.
Several institutional investors have recently modified their holdings of ELS. Columbia Wanger Asset Management LLC bought a new position in shares of Equity Lifestyle Properties during the second quarter valued at $41,492,000. Emerald Acquisition Ltd. bought a new position in shares of Equity Lifestyle Properties during the second quarter valued at $39,591,000. NN Investment Partners Holdings N.V. bought a new position in shares of Equity Lifestyle Properties during the first quarter valued at $33,005,000. Goldman Sachs Group Inc. raised its position in shares of Equity Lifestyle Properties by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,556,487 shares of the company’s stock valued at $113,204,000 after buying an additional 311,786 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Equity Lifestyle Properties by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,058,051 shares of the company’s stock valued at $965,247,000 after buying an additional 289,143 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.
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