Recent Analysts’ Ratings Changes for Equity LifeStyle Properties (ELS)

Equity LifeStyle Properties (NYSE: ELS) has recently received a number of price target changes and ratings updates:

• 10/23/2024 – Equity LifeStyle Properties had its price target raised by analysts at Compass Point from $70.00 to $72.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Equity LifeStyle Properties had its price target raised by analysts at Robert W. Baird from $71.00 to $72.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – Equity LifeStyle Properties had its price target raised by analysts at Evercore ISI from $76.00 to $77.00. They now have an “in-line” rating on the stock.
• 10/17/2024 – Equity LifeStyle Properties is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $72.00 price target on the stock.
• 10/10/2024 – Equity LifeStyle Properties was upgraded by analysts at UBS Group AG to a “strong-buy” rating.
• 9/19/2024 – Equity LifeStyle Properties was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $82.00 price target on the stock, up previously from $70.50.
• 9/16/2024 – Equity LifeStyle Properties had its price target raised by analysts at Evercore ISI from $73.00 to $76.00. They now have an “in-line” rating on the stock.
• 8/28/2024 – Equity LifeStyle Properties had its price target raised by analysts at Evercore ISI from $72.00 to $73.00. They now have an “in-line” rating on the stock.

Equity LifeStyle Properties Stock Down 0.8 %

ELS opened at $69.99 on Friday. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 38.25, a PEG ratio of 3.60 and a beta of 0.79. The company has a fifty day moving average of $71.16 and a two-hundred day moving average of $66.83.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The business had revenue of $387.30 million for the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 EPS. On average, research analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.4775 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.73%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 104.37%.

Insider Buying and Selling

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at $19,705,886.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Patrick Waite sold 20,820 shares of Equity LifeStyle Properties stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the sale, the chief operating officer now directly owns 221,777 shares of the company’s stock, valued at $15,575,398.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,808 shares of company stock valued at $6,348,011. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC lifted its stake in shares of Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 146 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in Equity LifeStyle Properties by 0.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,745,000 after acquiring an additional 152 shares in the last quarter. Toronto Dominion Bank increased its stake in Equity LifeStyle Properties by 0.9% during the 2nd quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock worth $1,106,000 after buying an additional 154 shares during the period. Wellington Management Group LLP increased its position in shares of Equity LifeStyle Properties by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust’s stock worth $4,224,000 after acquiring an additional 155 shares during the period. Finally, LRI Investments LLC raised its position in Equity LifeStyle Properties by 8.7% in the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

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.