Analysts Set Equity LifeStyle Properties, Inc. (NYSE:ELS) Target Price at $68.85

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have received an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $68.85.

Several analysts recently weighed in on the stock. Truist Financial cut their price objective 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. Barclays reduced their price objective on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, April 26th.

Equity LifeStyle Properties Stock Performance

ELS stock opened at $65.13 on Thursday. 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 $12.15 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 3.74 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. The stock’s fifty day moving average is $62.78 and its two-hundred day moving average is $65.51.

Equity LifeStyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ELS. Soltis Investment Advisors LLC boosted its position in shares of Equity LifeStyle Properties by 10.0% during the 1st quarter. Soltis Investment Advisors LLC now owns 33,932 shares of the real estate investment trust’s stock valued at $2,185,000 after purchasing an additional 3,081 shares in the last quarter. Boston Partners boosted its holdings in Equity LifeStyle Properties by 4.2% during the first quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust’s stock worth $183,035,000 after buying an additional 113,891 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Equity LifeStyle Properties by 8.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 62,172 shares of the real estate investment trust’s stock worth $4,004,000 after buying an additional 5,000 shares during the last quarter. PGGM Investments increased its holdings in shares of Equity LifeStyle Properties by 2.0% in the first quarter. PGGM Investments now owns 39,340 shares of the real estate investment trust’s stock valued at $2,533,000 after buying an additional 789 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of Equity LifeStyle Properties by 7.0% during the 1st quarter. Atria Investments Inc now owns 30,109 shares of the real estate investment trust’s stock valued at $1,939,000 after acquiring an additional 1,974 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

About Equity LifeStyle Properties

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.