Equity Lifestyle Properties Inc. (ELS) Downgraded by TheStreet to Hold
Other analysts have also recently issued research reports about the company. BMO Capital Markets restated a hold rating and issued a $77.00 price target on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Citigroup Inc. lifted their price target on Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a neutral rating in a report on Thursday, July 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$71.25.
Equity Lifestyle Properties (NYSE:ELS) traded down 0.06% on Friday, reaching $71.46. 216,421 shares of the company’s stock traded hands. Equity Lifestyle Properties has a 12-month low of $57.71 and a 12-month high of $83.19. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 38.56 and a beta of 0.40. The stock has a 50 day moving average price of $77.21 and a 200 day moving average price of $75.71.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The company earned $210.10 million during the quarter, compared to analysts’ expectations of $114.76 million. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. Analysts forecast that Equity Lifestyle Properties will post $3.30 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, September 28th. Equity Lifestyle Properties’s payout ratio is currently 91.40%.
Several hedge funds have recently modified their holdings of ELS. Janney Montgomery Scott LLC boosted its position in Equity Lifestyle Properties by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 3,164 shares of the company’s stock worth $211,000 after buying an additional 41 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Equity Lifestyle Properties by 0.4% in the second quarter. Glenmede Trust Co. NA now owns 15,200 shares of the company’s stock worth $1,216,000 after buying an additional 60 shares in the last quarter. National Asset Management Inc. boosted its position in Equity Lifestyle Properties by 2.4% in the second quarter. National Asset Management Inc. now owns 3,352 shares of the company’s stock worth $269,000 after buying an additional 80 shares in the last quarter. World Asset Management Inc boosted its position in Equity Lifestyle Properties by 5.7% in the second quarter. World Asset Management Inc now owns 3,785 shares of the company’s stock worth $303,000 after buying an additional 204 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Equity Lifestyle Properties by 5.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,122 shares of the company’s stock worth $330,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.
Equity Lifestyle Properties Company Profile
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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