Equity LifeStyle Properties (NYSE:ELS) Price Target Increased to $72.00 by Analysts at Compass Point

Equity LifeStyle Properties (NYSE:ELS) had its target price raised by Compass Point from $70.00 to $72.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Compass Point currently has a neutral rating on the real estate investment trust’s stock.

ELS has been the topic of several other reports. Royal Bank of Canada restated a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Truist Financial raised their price target on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Robert W. Baird raised their price target on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI raised their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of “Moderate Buy” and an average price target of $72.40.

Equity LifeStyle Properties Stock Performance

Shares of ELS opened at $69.39 on Wednesday. The company has a market capitalization of $12.94 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.75 and a beta of 0.79. Equity LifeStyle Properties has a one year low of $59.82 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The company’s fifty day moving average price is $71.14 and its 200 day moving average price is $66.89.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). The firm had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. As a group, analysts expect that Equity LifeStyle Properties will post 2.9 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.4775 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, September 27th. Equity LifeStyle Properties’s payout ratio is 98.45%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the transaction, the chief financial officer now directly owns 148,463 shares in the company, valued at $11,109,486.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the transaction, the chief financial officer now directly owns 148,463 shares in the company, valued at $11,109,486.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marguerite M. Nader sold 33,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the completion of the transaction, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,808 shares of company stock worth $6,348,011 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Equity LifeStyle Properties

A number of institutional investors have recently modified their holdings of the stock. Financial Advocates Investment Management raised its stake in shares of Equity LifeStyle Properties by 5.5% in the third quarter. Financial Advocates Investment Management now owns 6,248 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 327 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Equity LifeStyle Properties by 0.3% in the third quarter. State of Alaska Department of Revenue now owns 131,231 shares of the real estate investment trust’s stock worth $9,360,000 after acquiring an additional 438 shares during the last quarter. Farrow Financial Inc. raised its stake in shares of Equity LifeStyle Properties by 2.7% in the third quarter. Farrow Financial Inc. now owns 22,691 shares of the real estate investment trust’s stock worth $1,619,000 after acquiring an additional 602 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Equity LifeStyle Properties by 119.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,204 shares of the real estate investment trust’s stock worth $1,642,000 after acquiring an additional 12,651 shares during the last quarter. Finally, Outlook Wealth Advisors LLC raised its stake in shares of Equity LifeStyle Properties by 5.9% in the third quarter. Outlook Wealth Advisors LLC now owns 5,440 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 301 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.