Equity Lifestyle Properties (ELS) Raised to “In-Line” at Evercore ISI

Evercore ISI upgraded shares of Equity Lifestyle Properties (NYSE:ELS) from an underperform rating to an in-line rating in a research note released on Monday morning, MarketBeat.com reports.

ELS has been the topic of several other reports. BidaskClub upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $99.00 price target on the stock in a research report on Tuesday, August 29th. Citigroup increased their price target on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a neutral rating in a research report on Thursday, October 19th. Finally, Robert W. Baird lowered shares of Equity Lifestyle Properties from an outperform rating to a neutral rating and set a $92.00 price target on the stock. in a research report on Friday, September 8th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of Hold and an average price target of $88.00.

Shares of Equity Lifestyle Properties (NYSE:ELS) opened at $90.73 on Monday. The company has a market cap of $7,970.00, a P/E ratio of 25.89, a PEG ratio of 4.89 and a beta of 0.29. Equity Lifestyle Properties has a 1 year low of $69.03 and a 1 year high of $91.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.34). The business had revenue of $241.63 million during the quarter, compared to analyst estimates of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. sell-side analysts predict that Equity Lifestyle Properties will post 3.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.488 per share. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 28th. This represents a $1.95 annualized dividend and a dividend yield of 2.15%. Equity Lifestyle Properties’s dividend payout ratio is presently 93.30%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 9.2% during the second quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 125 shares during the period. Quantbot Technologies LP purchased a new position in shares of Equity Lifestyle Properties during the third quarter valued at approximately $148,000. Pacad Investment Ltd. purchased a new position in shares of Equity Lifestyle Properties during the second quarter valued at approximately $155,000. Parallel Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 3.8% during the second quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 82 shares during the period. Finally, Gofen & Glossberg LLC IL purchased a new position in shares of Equity Lifestyle Properties during the second quarter valued at approximately $215,000. 97.86% of the stock is currently owned by institutional investors and hedge funds.

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About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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