Analysts Set Equity LifeStyle Properties, Inc. (NYSE:ELS) PT at $73.90

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $73.78.

ELS has been the subject of several analyst reports. Royal Bank of Canada dropped their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Evercore ISI dropped their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd.

Hedge Funds Weigh In On Equity LifeStyle Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in Equity LifeStyle Properties during the second quarter valued at about $1,010,000. GAMMA Investing LLC raised its holdings in shares of Equity LifeStyle Properties by 74.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,430 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 611 shares in the last quarter. CWM LLC raised its holdings in shares of Equity LifeStyle Properties by 26.3% during the 3rd quarter. CWM LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 493 shares in the last quarter. UMB Bank n.a. lifted its position in Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 417 shares during the last quarter. Finally, Tobam boosted its stake in Equity LifeStyle Properties by 27.3% in the third quarter. Tobam now owns 1,425 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 0.2 %

Shares of NYSE:ELS opened at $66.27 on Friday. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company has a market capitalization of $12.66 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79. The company has a 50-day simple moving average of $66.98 and a 200 day simple moving average of $69.47.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Sell-side analysts forecast that Equity LifeStyle Properties will post 3.1 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.11%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 97.95%.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.