Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives $72.50 Average PT from Brokerages

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $72.50.

Several research firms have commented on ELS. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Truist Financial raised their price objective on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a report on Thursday, October 17th. They set a “hold” rating and a $72.00 target price for the company. 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, Robert W. Baird upped their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd.

Equity LifeStyle Properties Stock Up 1.0 %

Shares of ELS opened at $72.09 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The firm has a market cap of $13.77 billion, a P/E ratio of 37.16, a PEG ratio of 3.78 and a beta of 0.79. The stock’s 50 day moving average is $70.20 and its two-hundred day moving average is $68.30. Equity LifeStyle Properties has a 12 month low of $59.82 and a 12 month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last released 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). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The company had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. During the same period in the prior year, the business posted $0.71 EPS. Equity LifeStyle Properties’s revenue was down .4% compared to the same quarter last year. Analysts predict that Equity LifeStyle Properties will post 2.92 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.477 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.65%. Equity LifeStyle Properties’s dividend payout ratio is currently 98.45%.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 260,936 shares in the company, valued at $19,705,886.72. This trade represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Seavey sold 31,988 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the completion of the transaction, the chief financial officer now owns 148,463 shares in the company, valued at approximately $11,109,486.29. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Equity LifeStyle Properties

Several institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its position in shares of Equity LifeStyle Properties by 370.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock worth $166,182,000 after buying an additional 1,834,491 shares during the period. PGGM Investments lifted its stake in Equity LifeStyle Properties by 4,586.1% during the 2nd quarter. PGGM Investments now owns 1,843,496 shares of the real estate investment trust’s stock worth $120,067,000 after acquiring an additional 1,804,156 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Equity LifeStyle Properties by 592.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust’s stock valued at $116,068,000 after acquiring an additional 1,391,846 shares during the period. Principal Financial Group Inc. grew its position in Equity LifeStyle Properties by 56.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust’s stock valued at $159,232,000 after acquiring an additional 805,681 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in Equity LifeStyle Properties during the third quarter worth about $54,866,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

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.