Brokerages Set Equity Lifestyle Properties, Inc. (NYSE:ELS) PT at $69.63

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $69.4821.

ELS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Robert W. Baird increased their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, April 15th. Finally, Barclays reaffirmed an “overweight” rating and issued a $71.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Thursday, February 5th.

Insider Activity at Equity Lifestyle Properties

In related news, Director David J. Contis sold 3,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director directly owned 14,890 shares of the company’s stock, valued at $1,000,905.80. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ELS. GoalVest Advisory LLC purchased a new position in Equity Lifestyle Properties during the 4th quarter worth $25,000. Wiser Advisor Group LLC purchased a new position in Equity Lifestyle Properties during the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its position in Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 453 shares during the last quarter. Clearstead Trust LLC grew its position in Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 231 shares during the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Equity Lifestyle Properties during the 3rd quarter worth $34,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $62.51 on Friday. Equity Lifestyle Properties has a twelve month low of $58.15 and a twelve month high of $69.00. The firm’s fifty day simple moving average is $65.09 and its 200-day simple moving average is $63.44. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 3.81 and a beta of 0.69. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The firm had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. Equity Lifestyle Properties’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. Equities analysts forecast that Equity Lifestyle Properties will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 108.50%.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.