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

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been given a consensus rating of “Hold” by the eight research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $68.85.

A number of brokerages have recently issued reports on ELS. Truist Financial reduced their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. 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 note on Friday, April 26th.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several large investors have recently added to or reduced their stakes in ELS. Norges Bank bought a new position in Equity LifeStyle Properties in the fourth quarter valued at $455,623,000. Aristotle Capital Management LLC raised its position in Equity LifeStyle Properties by 17.1% during the 3rd quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock valued at $734,997,000 after purchasing an additional 1,681,198 shares during the last quarter. Boston Partners grew its position in shares of Equity LifeStyle Properties by 122.4% in the 4th quarter. Boston Partners now owns 2,728,675 shares of the real estate investment trust’s stock worth $192,469,000 after buying an additional 1,501,692 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Equity LifeStyle Properties by 55.1% in the first quarter. Principal Financial Group Inc. now owns 1,511,750 shares of the real estate investment trust’s stock valued at $97,357,000 after acquiring an additional 536,864 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Equity LifeStyle Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock valued at $1,586,981,000 after buying an additional 472,855 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS opened at $64.44 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties has a one year low of $59.82 and a one year high of $74.04. The stock has a 50-day moving average of $62.68 and a 200-day moving average of $65.59. The company has a market cap of $12.02 billion, a PE ratio of 35.21, a P/E/G ratio of 3.69 and a beta of 0.75.

Equity LifeStyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is 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.