Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Rating of “Hold” by Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $68.39.

A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Evercore ISI boosted their target price on shares of Equity LifeStyle Properties from $69.00 to $72.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $68.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Finally, Truist Financial dropped their target price on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Equity LifeStyle Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust’s stock valued at $1,614,469,000 after buying an additional 240,853 shares during the period. Norges Bank bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth about $455,623,000. Boston Partners grew its holdings in shares of Equity LifeStyle Properties by 4.2% in the 1st quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust’s stock worth $183,035,000 after purchasing an additional 113,891 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Equity LifeStyle Properties by 17.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,743,596 shares of the real estate investment trust’s stock worth $193,533,000 after purchasing an additional 410,042 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Equity LifeStyle Properties by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,559,965 shares of the real estate investment trust’s stock worth $180,585,000 after purchasing an additional 9,357 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock opened at $67.00 on Monday. The firm has a fifty day simple moving average of $64.21 and a 200-day simple moving average of $64.76. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $74.04. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 3.95 and a beta of 0.77.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The firm had revenue of $380.00 million during the quarter, compared to analyst estimates of $334.53 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Equity LifeStyle Properties’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Equity LifeStyle Properties will post 2.9 earnings per share for the current year.

Equity LifeStyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

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.