Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $72.40.

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.50 to $82.00 in a research note on Thursday, September 19th. Compass Point increased their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Truist Financial raised their price target on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Evercore ISI raised their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research note on Thursday, October 17th. They set a “hold” rating and a $72.00 price target for the company.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $69.01 on Wednesday. The firm has a market capitalization of $12.87 billion, a P/E ratio of 37.71, a PEG ratio of 3.75 and a beta of 0.79. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $76.60. The business has a 50-day moving average of $71.11 and a 200-day moving average of $66.98. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties (NYSE:ELS) last posted its 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). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. During the same period in the previous year, the company posted $0.71 earnings per share. Equity LifeStyle Properties’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Equity LifeStyle Properties will post 2.9 EPS for the current year.

Insider Activity

In other news, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the sale, the chief executive officer now owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at $15,575,398.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marguerite M. Nader sold 33,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at $19,705,886.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,808 shares of company stock valued at $6,348,011. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Equity LifeStyle Properties by 12.2% during the 3rd quarter. Van ECK Associates Corp now owns 81,480 shares of the real estate investment trust’s stock valued at $5,752,000 after purchasing an additional 8,849 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Equity LifeStyle Properties during the 3rd quarter worth $75,000. Farther Finance Advisors LLC increased its position in Equity LifeStyle Properties by 6.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 21,141 shares of the real estate investment trust’s stock worth $1,508,000 after buying an additional 1,203 shares during the period. US Bancorp DE increased its position in Equity LifeStyle Properties by 4.0% during the 3rd quarter. US Bancorp DE now owns 13,430 shares of the real estate investment trust’s stock worth $958,000 after buying an additional 513 shares during the period. Finally, Financial Advocates Investment Management increased its position in Equity LifeStyle Properties by 5.5% during the 3rd quarter. Financial Advocates Investment Management now owns 6,248 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 327 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Equity LifeStyle Properties

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.