Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have been assigned an average rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $68.00.
Several analysts have issued reports on ELS shares. Robert W. Baird started coverage on Equity LifeStyle Properties in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $67.00 target price for the company. Royal Bank of Canada started coverage on Equity LifeStyle Properties in a research note on Tuesday, March 30th. They issued a “sector perform” rating and a $65.00 target price for the company. Zacks Investment Research lowered Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research note on Friday. Finally, BMO Capital Markets upped their target price on Equity LifeStyle Properties from $66.00 to $67.00 in a research note on Monday, February 1st.
Shares of NYSE ELS opened at $69.03 on Tuesday. Equity LifeStyle Properties has a 12 month low of $53.52 and a 12 month high of $69.68. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 57.53, a PEG ratio of 4.60 and a beta of 0.46. The business has a 50-day moving average of $65.94 and a 200-day moving average of $62.52.
Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Sunday, April 18th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The business had revenue of $296.00 million for the quarter, compared to analysts’ expectations of $282.29 million. During the same period in the previous year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts predict that Equity LifeStyle Properties will post 2.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Stockholders of record on Friday, March 26th were paid a dividend of $0.363 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Thursday, March 25th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.34. Equity LifeStyle Properties’s dividend payout ratio is 69.38%.
Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $2,342,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Equity LifeStyle Properties by 2.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 275,152 shares of the real estate investment trust’s stock valued at $17,434,000 after purchasing an additional 6,591 shares during the period. Allstate Corp boosted its stake in shares of Equity LifeStyle Properties by 22.3% during the fourth quarter. Allstate Corp now owns 35,650 shares of the real estate investment trust’s stock valued at $2,259,000 after purchasing an additional 6,495 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of Equity LifeStyle Properties by 16.7% during the fourth quarter. IFM Investors Pty Ltd now owns 16,807 shares of the real estate investment trust’s stock valued at $1,065,000 after purchasing an additional 2,407 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Equity LifeStyle Properties by 44.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,433,856 shares of the real estate investment trust’s stock valued at $154,209,000 after acquiring an additional 749,526 shares in the last quarter. 91.49% of the stock is owned by hedge funds and other institutional investors.
Equity LifeStyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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