Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $70.00 price objective for the company in a research note on Wednesday, July 24th. Wells Fargo & Co reiterated a hold rating on shares of Equity Lifestyle Properties in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and an average price target of $64.70.
Shares of Equity Lifestyle Properties stock traded down $0.65 during mid-day trading on Thursday, hitting $66.82. 545,321 shares of the stock were exchanged, compared to its average volume of 905,607. The company has a 50-day simple moving average of $103.29 and a 200 day simple moving average of $119.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties has a 12 month low of $46.46 and a 12 month high of $70.54. The company has a market capitalization of $12.28 billion, a P/E ratio of 34.62, a P/E/G ratio of 4.42 and a beta of 0.17.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.19). Equity Lifestyle Properties had a return on equity of 22.11% and a net margin of 27.47%. The company had revenue of $271.20 million for the quarter, compared to analysts’ expectations of $256.13 million. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts predict that Equity Lifestyle Properties will post 2.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.306 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.22 dividend on an annualized basis and a yield of 1.83%. Equity Lifestyle Properties’s dividend payout ratio is 63.73%.
A number of institutional investors have recently added to or reduced their stakes in ELS. Aperio Group LLC grew its position in shares of Equity Lifestyle Properties by 10.6% during the 2nd quarter. Aperio Group LLC now owns 33,466 shares of the real estate investment trust’s stock valued at $4,061,000 after purchasing an additional 3,210 shares in the last quarter. Seeyond purchased a new position in shares of Equity Lifestyle Properties during the 2nd quarter valued at $1,554,000. Redpoint Investment Management Pty Ltd grew its position in shares of Equity Lifestyle Properties by 30.1% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 7,685 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 1,779 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Equity Lifestyle Properties by 1.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 669,201 shares of the real estate investment trust’s stock valued at $80,852,000 after purchasing an additional 10,822 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Equity Lifestyle Properties by 295.9% during the 2nd quarter. Acadian Asset Management LLC now owns 15,203 shares of the real estate investment trust’s stock valued at $1,844,000 after purchasing an additional 11,363 shares in the last quarter. Institutional investors and hedge funds own 47.37% 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 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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