Citigroup Analysts Give Equity Lifestyle Properties (ELS) a $107.00 Price Target

Citigroup set a $107.00 price objective on Equity Lifestyle Properties (NYSE:ELS) in a research note issued to investors on Wednesday. The firm currently has a hold rating on the real estate investment trust’s stock.

ELS has been the subject of a number of other reports. Wells Fargo & Co increased their price target on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an outperform rating in a report on Friday, August 24th. Zacks Investment Research raised shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $109.00 price target for the company in a report on Wednesday, November 21st. Bank of America increased their price target on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a buy rating in a report on Monday, September 17th. ValuEngine raised shares of Equity Lifestyle Properties from a hold rating to a buy rating in a report on Monday, September 17th. Finally, Robert W. Baird raised their price objective on shares of Equity Lifestyle Properties from $92.00 to $94.00 and gave the stock a neutral rating in a report on Thursday, October 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $99.79.

NYSE:ELS traded up $1.82 during midday trading on Wednesday, reaching $101.73. The stock had a trading volume of 7,662 shares, compared to its average volume of 300,547. Equity Lifestyle Properties has a 1-year low of $79.78 and a 1-year high of $104.05. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $9.20 billion, a PE ratio of 27.96, a PEG ratio of 4.56 and a beta of 0.19.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The business had revenue of $256.70 million for the quarter, compared to analyst estimates of $240.19 million. During the same period last year, the business posted $0.91 EPS. Equity Lifestyle Properties’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Equity Lifestyle Properties will post 3.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 27th. Equity Lifestyle Properties’s payout ratio is 61.11%.

In other news, EVP Roger Maynard sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the completion of the transaction, the executive vice president now directly owns 146,389 shares of the company’s stock, valued at approximately $14,157,280.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in ELS. William Blair Investment Management LLC lifted its holdings in Equity Lifestyle Properties by 6.6% during the 3rd quarter. William Blair Investment Management LLC now owns 8,654 shares of the real estate investment trust’s stock valued at $835,000 after purchasing an additional 539 shares during the last quarter. First Republic Investment Management Inc. increased its position in Equity Lifestyle Properties by 2.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 21,211 shares of the real estate investment trust’s stock valued at $2,046,000 after acquiring an additional 574 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Equity Lifestyle Properties by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 133,293 shares of the real estate investment trust’s stock valued at $12,250,000 after acquiring an additional 690 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Equity Lifestyle Properties by 29.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,533 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 802 shares in the last quarter. Finally, US Bancorp DE increased its position in Equity Lifestyle Properties by 8.1% in the 2nd quarter. US Bancorp DE now owns 11,433 shares of the real estate investment trust’s stock valued at $1,050,000 after acquiring an additional 859 shares in the last quarter. 95.12% of the stock is owned by institutional investors.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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