Equity Lifestyle Properties Inc. (NYSE:ELS) has been given an average rating of “Hold” by the seven brokerages that are covering the firm. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$75.63.
Several research firms recently issued reports on ELS. Citigroup Inc. increased their price target on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. BMO Capital Markets reiterated a “hold” rating and set a $77.00 price target on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th.
Shares of Equity Lifestyle Properties (NYSE:ELS) opened at 71.50 on Friday. The firm’s 50 day moving average is $77.40 and its 200 day moving average is $75.63. The company has a market cap of $6.10 billion, a PE ratio of 38.59 and a beta of 0.40. Equity Lifestyle Properties has a 12 month low of $57.71 and a 12 month high of $83.19.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business had revenue of $210.10 million for the quarter, compared to analyst estimates of $114.76 million. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. On average, equities analysts predict that Equity Lifestyle Properties will post $3.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.38%. Equity Lifestyle Properties’s dividend payout ratio is currently 91.40%.
A number of hedge funds have recently modified their holdings of ELS. Schroder Investment Management Group raised its position in shares of Equity Lifestyle Properties by 2.0% in the second quarter. Schroder Investment Management Group now owns 1,142,331 shares of the company’s stock worth $91,443,000 after buying an additional 22,269 shares during the period. BlackRock Inc. raised its position in shares of Equity Lifestyle Properties by 8.9% in the first quarter. BlackRock Inc. now owns 93,096 shares of the company’s stock worth $6,771,000 after buying an additional 7,618 shares during the period. Geode Capital Management LLC raised its position in shares of Equity Lifestyle Properties by 3.3% in the first quarter. Geode Capital Management LLC now owns 689,621 shares of the company’s stock worth $50,156,000 after buying an additional 22,198 shares during the period. First Midwest Bank Trust Division acquired a new position in shares of Equity Lifestyle Properties during the second quarter worth approximately $200,000. Finally, Resolution Capital Ltd raised its position in shares of Equity Lifestyle Properties by 11.2% in the second quarter. Resolution Capital Ltd now owns 1,069,136 shares of the company’s stock worth $85,584,000 after buying an additional 107,394 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.
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