Equity Lifestyle Properties, Inc. (NYSE:ELS) Given Average Rating of “Hold” by Analysts
Equity Lifestyle Properties, Inc. (NYSE:ELS) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $80.50.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Thursday, June 1st. Evercore ISI lifted their price target on Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, April 18th. BidaskClub raised Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, TheStreet raised Equity Lifestyle Properties from a “c+” rating to a “b” rating in a report on Monday, April 17th.
Equity Lifestyle Properties (NYSE ELS) traded up 0.80% on Monday, reaching $85.16. The company had a trading volume of 336,921 shares. The firm has a 50-day moving average of $84.97 and a 200-day moving average of $78.54. The stock has a market capitalization of $7.40 billion, a P/E ratio of 43.01 and a beta of 0.31. Equity Lifestyle Properties has a 12 month low of $65.87 and a 12 month high of $87.76.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, April 17th. The real estate investment trust reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. The business had revenue of $232.40 million during the quarter, compared to the consensus estimate of $218.28 million. Equity Lifestyle Properties had a return on equity of 20.44% and a net margin of 21.87%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. On average, equities research analysts expect that Equity Lifestyle Properties will post $2.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, June 28th. Equity Lifestyle Properties’s dividend payout ratio is currently 98.49%.
In other news, Vice Chairman Howard Walker sold 1,608 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $82.11, for a total transaction of $132,032.88. Following the completion of the transaction, the insider now owns 57,265 shares of the company’s stock, valued at $4,702,029.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Equity Lifestyle Properties by 4,674.0% in the first quarter. BlackRock Inc. now owns 6,050,846 shares of the real estate investment trust’s stock valued at $466,277,000 after buying an additional 5,924,100 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Equity Lifestyle Properties by 91.2% in the first quarter. JPMorgan Chase & Co. now owns 1,627,214 shares of the real estate investment trust’s stock valued at $125,393,000 after buying an additional 775,969 shares during the period. Norges Bank purchased a new stake in Equity Lifestyle Properties during the fourth quarter valued at $47,919,000. Vanguard Group Inc. increased its stake in shares of Equity Lifestyle Properties by 2.6% in the first quarter. Vanguard Group Inc. now owns 12,493,430 shares of the real estate investment trust’s stock valued at $962,743,000 after buying an additional 312,465 shares in the last quarter. Finally, Resolution Capital Ltd increased its stake in shares of Equity Lifestyle Properties by 19.4% in the first quarter. Resolution Capital Ltd now owns 1,388,534 shares of the real estate investment trust’s stock valued at $107,000,000 after buying an additional 226,050 shares in the last quarter. 96.37% 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 (REIT). The Company is an 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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