Equity Lifestyle Properties, Inc. (ELS) Receives $106.70 Consensus Target Price from Analysts

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Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $106.70.

Several equities analysts recently weighed in on ELS shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $104.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, January 28th. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Finally, Wells Fargo & Co downgraded Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research note on Tuesday, March 26th.

Shares of ELS stock traded up $0.83 during trading hours on Friday, reaching $118.08. 11,943 shares of the company’s stock were exchanged, compared to its average volume of 446,121. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 3.85 and a beta of 0.34. Equity Lifestyle Properties has a 1 year low of $85.97 and a 1 year high of $119.51. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, April 22nd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Equity Lifestyle Properties had a return on equity of 22.97% and a net margin of 27.24%. The firm had revenue of $259.00 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period last year, the business posted $1.04 EPS. Equity Lifestyle Properties’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that Equity Lifestyle Properties will post 4.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 2.07%. The ex-dividend date is Thursday, June 27th. Equity Lifestyle Properties’s payout ratio is currently 63.31%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ffcm LLC purchased a new position in Equity Lifestyle Properties during the fourth quarter worth $27,000. We Are One Seven LLC purchased a new position in Equity Lifestyle Properties during the fourth quarter worth $29,000. First Interstate Bank purchased a new position in Equity Lifestyle Properties during the first quarter worth $33,000. Penserra Capital Management LLC purchased a new position in Equity Lifestyle Properties during the first quarter worth $58,000. Finally, Marshall Wace North America L.P. purchased a new position in Equity Lifestyle Properties during the first quarter worth $69,000. 95.31% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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