Equity Lifestyle Properties (ELS) Upgraded by Evercore ISI to In-Line

Evercore ISI upgraded shares of Equity Lifestyle Properties (NYSE:ELS) from an underperform rating to an in-line rating in a research note issued to investors on Monday morning.

ELS has been the topic of a number of other research reports. BMO Capital Markets reissued a hold rating and set a $94.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, November 27th. Robert W. Baird downgraded shares of Equity Lifestyle Properties from an outperform rating to a neutral rating and set a $92.00 target price on the stock. in a research report on Friday, September 8th. BidaskClub raised shares of Equity Lifestyle Properties from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Tuesday, September 26th. Finally, Cantor Fitzgerald reissued a hold rating and set a $81.00 target price on shares of Equity Lifestyle Properties in a research report on Wednesday, September 13th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $88.00.

Equity Lifestyle Properties (NYSE:ELS) traded up $0.93 during trading on Monday, hitting $91.13. 392,500 shares of the stock traded hands, compared to its average volume of 374,176. The company has a market cap of $7,922.87, a price-to-earnings ratio of 25.63, a PEG ratio of 4.84 and a beta of 0.30. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. Equity Lifestyle Properties has a 12-month low of $68.75 and a 12-month high of $91.50.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.34). The firm had revenue of $241.63 million during the quarter, compared to the consensus estimate of $226.85 million. Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. Equity Lifestyle Properties’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. equities analysts forecast that Equity Lifestyle Properties will post 3.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.488 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. Equity Lifestyle Properties’s payout ratio is presently 93.30%.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Equity Lifestyle Properties by 6.6% during the third quarter. Public Employees Retirement System of Ohio now owns 135,218 shares of the real estate investment trust’s stock worth $11,504,000 after buying an additional 8,358 shares in the last quarter. Gofen & Glossberg LLC IL boosted its position in shares of Equity Lifestyle Properties by 36.2% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 3,388 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 900 shares during the last quarter. Eii Capital Management Inc. boosted its position in shares of Equity Lifestyle Properties by 160.8% during the 3rd quarter. Eii Capital Management Inc. now owns 24,556 shares of the real estate investment trust’s stock valued at $2,089,000 after acquiring an additional 15,141 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Equity Lifestyle Properties by 7.1% during the 3rd quarter. California Public Employees Retirement System now owns 195,382 shares of the real estate investment trust’s stock valued at $16,623,000 after acquiring an additional 12,882 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Equity Lifestyle Properties during the 3rd quarter valued at about $509,000. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2017/12/05/equity-lifestyle-properties-els-upgraded-by-evercore-isi-to-in-line.html.

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.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

Receive News & Ratings for Equity Lifestyle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply