Equity LifeStyle Properties (NYSE:ELS) PT Lowered to $71.00 at Evercore ISI

Equity LifeStyle Properties (NYSE:ELSGet Rating) had its price objective lowered by Evercore ISI from $73.00 to $71.00 in a research report report published on Monday morning, The Fly reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. Wolfe Research started coverage on shares of Equity LifeStyle Properties in a research note on Friday, July 15th. They set a peer perform rating for the company. Robert W. Baird cut their target price on Equity LifeStyle Properties from $89.00 to $83.00 in a research note on Wednesday, July 20th. Truist Financial reaffirmed a buy rating and set a $77.00 price objective on shares of Equity LifeStyle Properties in a research note on Thursday, July 21st. Colliers Securities set a $92.00 price objective on shares of Equity LifeStyle Properties in a research report on Tuesday, July 19th. Finally, StockNews.com upgraded shares of Equity LifeStyle Properties from a sell rating to a hold rating in a research note on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $81.86.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $67.27 on Monday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.36. The stock has a market cap of $12.52 billion, a P/E ratio of 44.26, a PEG ratio of 5.12 and a beta of 0.61. The company has a 50-day moving average price of $72.59 and a 200 day moving average price of $73.89. Equity LifeStyle Properties has a 12-month low of $66.28 and a 12-month high of $88.70.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last posted its quarterly earnings data on Monday, July 18th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $365.31 million during the quarter, compared to analysts’ expectations of $331.29 million. Equity LifeStyle Properties had a net margin of 20.28% and a return on equity of 19.19%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. Sell-side analysts anticipate that Equity LifeStyle Properties will post 2.73 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

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 paid a dividend of $0.41 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.44%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 107.90%.

Hedge Funds Weigh In On Equity LifeStyle Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new stake in shares of Equity LifeStyle Properties in the 2nd quarter valued at $25,000. Royal London Asset Management Ltd. boosted its holdings in shares of Equity LifeStyle Properties by 1.2% during the 2nd quarter. Royal London Asset Management Ltd. now owns 68,258 shares of the real estate investment trust’s stock valued at $4,810,000 after acquiring an additional 823 shares in the last quarter. Amundi lifted its holdings in Equity LifeStyle Properties by 0.8% during the 2nd quarter. Amundi now owns 248,610 shares of the real estate investment trust’s stock worth $18,007,000 after buying an additional 1,962 shares during the period. Captrust Financial Advisors acquired a new position in Equity LifeStyle Properties during the 2nd quarter worth about $424,000. Finally, Legal & General Group Plc lifted its holdings in Equity LifeStyle Properties by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 1,835,139 shares of the real estate investment trust’s stock worth $129,322,000 after buying an additional 56,283 shares during the period. Institutional investors own 90.93% of the company’s stock.

Equity LifeStyle Properties Company Profile

(Get Rating)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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Analyst Recommendations for Equity LifeStyle Properties (NYSE:ELS)

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