Equity Lifestyle Properties Inc. (ELS) Coverage Initiated by Analysts at Evercore ISI
Several other equities analysts also recently commented on the company. BMO Capital Markets reiterated a hold rating and set a $77.00 price target on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. TheStreet downgraded Equity Lifestyle Properties from a buy rating to a hold rating in a report on Friday, October 7th. Finally, Citigroup Inc. increased 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. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$71.25.
Shares of Equity Lifestyle Properties (NYSE:ELS) opened at 74.98 on Friday. The firm’s 50-day moving average is $76.79 and its 200 day moving average is $75.66. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 40.46 and a beta of 0.40. Equity Lifestyle Properties has a 1-year low of $57.71 and a 1-year high of $83.19.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 18th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The firm had revenue of $210.10 million for the quarter, compared to the consensus estimate of $114.76 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Equity Lifestyle Properties will post $3.30 EPS for the current fiscal year.
The firm 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. The ex-dividend date is Wednesday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.27%. Equity Lifestyle Properties’s dividend payout ratio is 91.40%.
Large investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in Equity Lifestyle Properties during the second quarter valued at $12,984,000. Renaissance Technologies LLC boosted its position in shares of Equity Lifestyle Properties by 18.7% in the first quarter. Renaissance Technologies LLC now owns 1,026,300 shares of the company’s stock valued at $74,643,000 after buying an additional 161,600 shares during the period. LPL Financial LLC boosted its position in shares of Equity Lifestyle Properties by 17.7% in the first quarter. LPL Financial LLC now owns 18,552 shares of the company’s stock valued at $1,329,000 after buying an additional 2,795 shares during the period. Standard Life Investments LTD boosted its position in shares of Equity Lifestyle Properties by 23.4% in the second quarter. Standard Life Investments LTD now owns 225,302 shares of the company’s stock valued at $18,036,000 after buying an additional 42,695 shares during the period. Finally, Resolution Capital Ltd boosted its position in shares of Equity Lifestyle Properties by 11.2% in the second quarter. Resolution Capital Ltd now owns 1,069,136 shares of the company’s stock valued at $85,584,000 after buying an additional 107,394 shares during the period. 94.83% of the stock is owned by institutional investors.
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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