Equity Lifestyle Properties, Inc. (ELS) Receives Consensus Rating of “Hold” from Analysts

Equity Lifestyle Properties, Inc. (NYSE:ELS) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $91.00.

ELS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Tuesday, April 3rd. TheStreet lowered shares of Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. BMO Capital Markets set a $94.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Monday, February 5th. Cantor Fitzgerald set a $85.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Finally, Robert W. Baird restated a “hold” rating and set a $95.00 target price on shares of Equity Lifestyle Properties in a research note on Monday, December 11th.

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NYSE:ELS traded up $0.18 on Wednesday, reaching $87.17. 62,322 shares of the company’s stock were exchanged, compared to its average volume of 395,221. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $7,718.95, a PE ratio of 24.23, a price-to-earnings-growth ratio of 4.31 and a beta of 0.19. Equity Lifestyle Properties has a 52-week low of $78.85 and a 52-week high of $91.94.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.33). Equity Lifestyle Properties had a return on equity of 20.84% and a net margin of 22.41%. The firm had revenue of $229.99 million for the quarter, compared to analysts’ expectations of $210.71 million. analysts expect that Equity Lifestyle Properties will post 3.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, March 28th. Equity Lifestyle Properties’s dividend payout ratio is presently 61.11%.

In related news, EVP Roger Maynard sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $85.22, for a total value of $852,200.00. Following the completion of the transaction, the executive vice president now directly owns 161,489 shares of the company’s stock, valued at $13,762,092.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ELS. The Manufacturers Life Insurance Company boosted its holdings in Equity Lifestyle Properties by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 178 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Equity Lifestyle Properties by 1.4% in the third quarter. New York State Common Retirement Fund now owns 185,300 shares of the real estate investment trust’s stock valued at $15,765,000 after purchasing an additional 2,500 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Equity Lifestyle Properties by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 509,722 shares of the real estate investment trust’s stock valued at $43,366,000 after purchasing an additional 17,790 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Equity Lifestyle Properties by 6.4% in the third quarter. Great West Life Assurance Co. Can now owns 51,705 shares of the real estate investment trust’s stock valued at $4,355,000 after purchasing an additional 3,127 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Equity Lifestyle Properties by 12.4% in the third quarter. Legal & General Group Plc now owns 249,221 shares of the real estate investment trust’s stock valued at $21,204,000 after purchasing an additional 27,444 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

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Equity Lifestyle Properties Company Profile

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)

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