Zacks Investment Research downgraded shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “

A number of other brokerages also recently issued reports on ELS. Robert W. Baird downgraded shares of Equity Lifestyle Properties from an outperform rating to a neutral rating and set a $92.00 price target on the stock. in a report on Friday, September 8th. BidaskClub upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating in a report on Tuesday, August 22nd. Finally, Cantor Fitzgerald reiterated a neutral rating and issued a $81.00 price target (up from $75.00) on shares of Equity Lifestyle Properties in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Equity Lifestyle Properties presently has an average rating of Hold and a consensus target price of $86.75.

Equity Lifestyle Properties (ELS) opened at 88.17 on Wednesday. The company has a 50-day moving average price of $87.88 and a 200-day moving average price of $83.78. The company has a market cap of $7.67 billion, a PE ratio of 43.76 and a beta of 0.32. Equity Lifestyle Properties has a 1-year low of $65.87 and a 1-year high of $90.80.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. The company had revenue of $221.30 million for the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. Equity Lifestyle Properties’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, analysts expect that Equity Lifestyle Properties will post $2.14 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.4875 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.21%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 97.02%.

In other Equity Lifestyle Properties news, Chairman Samuel Zell bought 805,333 shares of Equity Lifestyle Properties stock in a transaction dated Friday, July 21st. The shares were purchased at an average cost of $87.43 per share, for a total transaction of $70,410,264.19. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Profund Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 0.3% in the 1st quarter. Profund Advisors LLC now owns 3,199 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 8 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 3.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 82 shares during the last quarter. Laurion Capital Management LP increased its holdings in shares of Equity Lifestyle Properties by 3.2% in the 2nd quarter. Laurion Capital Management LP now owns 3,200 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 100 shares during the last quarter. 1st Global Advisors Inc. increased its holdings in shares of Equity Lifestyle Properties by 4.0% in the 1st quarter. 1st Global Advisors Inc. now owns 3,217 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 125 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Equity Lifestyle Properties by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

About Equity Lifestyle Properties

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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