Several other equities analysts have also issued reports on ELS. Citigroup Inc. raised their price objective on Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a neutral rating in a report on Thursday, July 7th. BMO Capital Markets reaffirmed a hold rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of C$71.25.
Shares of Equity Lifestyle Properties (NYSE:ELS) opened at 73.71 on Friday. Equity Lifestyle Properties has a 12 month low of $57.71 and a 12 month high of $83.19. The firm has a market cap of $6.29 billion, a PE ratio of 39.78 and a beta of 0.40. The firm’s 50-day moving average price is $76.88 and its 200-day moving average price is $75.66.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $210.10 million for the quarter, compared to analyst estimates of $114.76 million. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share. Analysts expect that Equity Lifestyle Properties will post $3.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Wednesday, September 28th. Equity Lifestyle Properties’s dividend payout ratio is currently 91.40%.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Equity Lifestyle Properties by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,058,051 shares of the company’s stock worth $965,247,000 after buying an additional 289,143 shares during the last quarter. Cohen & Steers Inc. increased its stake in shares of Equity Lifestyle Properties by 6.5% in the second quarter. Cohen & Steers Inc. now owns 2,999,366 shares of the company’s stock worth $240,099,000 after buying an additional 183,619 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Equity Lifestyle Properties by 1.1% in the second quarter. Daiwa Securities Group Inc. now owns 2,478,646 shares of the company’s stock worth $198,415,000 after buying an additional 27,642 shares during the last quarter. State Street Corp increased its stake in shares of Equity Lifestyle Properties by 3.0% in the first quarter. State Street Corp now owns 2,457,328 shares of the company’s stock worth $178,722,000 after buying an additional 72,727 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Equity Lifestyle Properties by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,556,487 shares of the company’s stock worth $113,204,000 after buying an additional 311,786 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
About Equity Lifestyle Properties
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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