Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives $70.15 Consensus Price Target from Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.15.

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Wolfe Research raised Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Finally, Truist Financial cut their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a research note on Wednesday, January 24th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ELS. RB Capital Management LLC raised its stake in Equity LifeStyle Properties by 6.1% during the first quarter. RB Capital Management LLC now owns 7,109 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 407 shares in the last quarter. Raymond James & Associates raised its stake in Equity LifeStyle Properties by 50.0% during the first quarter. Raymond James & Associates now owns 25,984 shares of the real estate investment trust’s stock worth $1,987,000 after acquiring an additional 8,658 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Equity LifeStyle Properties by 67.0% in the first quarter. Bank of Montreal Can now owns 36,421 shares of the real estate investment trust’s stock valued at $2,820,000 after buying an additional 14,609 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Equity LifeStyle Properties in the first quarter valued at $590,000. Finally, Yousif Capital Management LLC increased its stake in shares of Equity LifeStyle Properties by 3.2% in the first quarter. Yousif Capital Management LLC now owns 10,102 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 314 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Up 0.7 %

ELS opened at $62.74 on Friday. Equity LifeStyle Properties has a 1-year low of $60.47 and a 1-year high of $74.04. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 3.68 and a beta of 0.69. The business has a 50 day moving average of $64.93 and a 200-day moving average of $67.12.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.477 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a yield of 3.04%. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio is currently 113.69%.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.