Equity Lifestyle Properties, Inc. (ELS) Given Average Rating of “Hold” by Analysts

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $107.75.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Wednesday, April 3rd. Wells Fargo & Co downgraded shares of Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 price objective on the stock. in a report on Tuesday, March 26th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $104.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, January 28th.

ELS stock traded up $1.85 during midday trading on Monday, reaching $114.33. 360,261 shares of the company’s stock traded hands, compared to its average volume of 361,651. The firm has a market capitalization of $10.28 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 3.98 and a beta of 0.35. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.17. Equity Lifestyle Properties has a 52 week low of $85.97 and a 52 week high of $117.05.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, January 28th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.41). The business had revenue of $243.50 million for the quarter, compared to the consensus estimate of $232.05 million. Equity Lifestyle Properties had a net margin of 22.62% and a return on equity of 19.46%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. On average, equities analysts predict that Equity Lifestyle Properties will post 4.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 2.14%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 28th. Equity Lifestyle Properties’s payout ratio is currently 63.31%.

In other Equity Lifestyle Properties news, Director David J. Contis sold 6,581 shares of Equity Lifestyle Properties stock in a transaction on Monday, February 4th. The shares were sold at an average price of $105.53, for a total transaction of $694,492.93. Following the transaction, the director now directly owns 1,378 shares of the company’s stock, valued at approximately $145,420.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by insiders.

Several large investors have recently modified their holdings of ELS. Ffcm LLC purchased a new position in shares of Equity Lifestyle Properties in the 4th quarter worth about $27,000. We Are One Seven LLC purchased a new position in shares of Equity Lifestyle Properties in the 4th quarter worth about $29,000. Advisor Group Inc. boosted its holdings in shares of Equity Lifestyle Properties by 29.8% in the 4th quarter. Advisor Group Inc. now owns 1,664 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 382 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Equity Lifestyle Properties in the 4th quarter worth about $206,000. Finally, Surevest Inc. purchased a new position in shares of Equity Lifestyle Properties in the 4th quarter worth about $275,000. 95.77% of the stock is currently 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 January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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