Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Consensus "Moderate Buy" Rating from Brokerages

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Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) has received an average rating of "Moderate Buy" from fourteen brokerages currently covering the stock, according to Marketbeat.com. Of these analysts, seven have issued a hold recommendation, six have rated the stock as a buy, and one has given a strong buy recommendation. The average 12-month price target among these analysts is $70.42.

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Recent analyst activity includes Bank of America upgrading Equity Lifestyle Properties from "neutral" to "buy" with a $76.00 target price on February 3rd. Zacks Research improved its rating from "strong sell" to "hold" on February 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on January 22nd. Robert W. Baird set a $73.00 price target on January 30th. Conversely, Deutsche Bank Aktiengesellschaft downgraded the stock from "buy" to "hold" with a $65.00 target on January 20th.

Read Our Latest Analysis on ELS

Equity Lifestyle Properties Price Performance

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Equity Lifestyle Properties stock opened at $67.83 on Friday. The company’s 50-day moving average price is $65.06, and its 200-day moving average price is $62.68. The stock has traded between a 1-year low of $58.15 and a 1-year high of $69.28. It has a market capitalization of $13.16 billion, a price-to-earnings (P/E) ratio of 33.75, a price/earnings-to-growth (P/E/G) ratio of 3.77, and a beta of 0.75. The company’s debt-to-equity ratio stands at 0.30, with both quick and current ratios at 0.04.

Equity Lifestyle Properties Increases Dividend

The company recently announced a quarterly dividend of $0.5425 per share, payable on Friday, April 10th to shareholders of record as of Friday, March 27th. This dividend equates to an annualized payout of $2.17 per share and a yield of 3.2%, up from the previous quarterly dividend of $0.52. The dividend payout ratio currently stands at 102.49%.

Hedge Funds Weigh In On Equity Lifestyle Properties

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Several institutional investors have recently adjusted their holdings in Equity Lifestyle Properties. Wiser Advisor Group LLC and GoalVest Advisory LLC each initiated new positions worth approximately $25,000 in the third and fourth quarters, respectively. Caitong International Asset Management Co. Ltd increased its stake by 943.8% during the third quarter, now holding 501 shares valued at $30,000. Clearstead Trust LLC raised its holdings by 74.8% in the fourth quarter to 540 shares worth $33,000. Fulcrum Asset Management LLP also acquired a new position valued at about $34,000 in the third quarter. Overall, hedge funds and institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

(Get Free Report)

Equity Lifestyle Properties, Inc. (NYSE: ELS) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, ownership, and operation of manufactured home communities and recreational vehicle (RV) resorts. The company’s portfolio includes over 450 properties across the United States and Canada, serving more than 200,000 residents and visitors. ELS operates through two main segments: manufactured housing communities, which offer long-term housing solutions, and upscale RV and seasonal resorts catering to leisure travelers and seasonal guests.

Within its manufactured home division, ELS provides home-site leases along with community amenities such as landscaped common areas, clubhouses, swimming pools, and organized resident events.

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