Equity Lifestyle Properties (NYSE:ELS) had its target price hoisted by Wells Fargo & Co from $95.00 to $104.00 in a research note released on Friday morning. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

ELS has been the topic of several other research reports. TheStreet raised shares of Equity Lifestyle Properties from a c+ rating to a b- rating in a report on Tuesday, May 1st. ValuEngine cut shares of Equity Lifestyle Properties from a buy rating to a hold rating in a report on Thursday, May 17th. Finally, Zacks Investment Research cut shares of Equity Lifestyle Properties from a hold rating to a sell rating in a report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $93.17.

Equity Lifestyle Properties stock opened at $95.12 on Friday. The firm has a market capitalization of $8.40 billion, a PE ratio of 26.42, a PEG ratio of 5.11 and a beta of 0.23. Equity Lifestyle Properties has a fifty-two week low of $79.78 and a fifty-two week high of $96.01. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). The firm had revenue of $240.50 million during the quarter, compared to the consensus estimate of $224.20 million. Equity Lifestyle Properties had a return on equity of 20.05% and a net margin of 22.25%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. sell-side analysts anticipate that Equity Lifestyle Properties will post 3.9 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be given a $0.55 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.20 annualized dividend and a yield of 2.31%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 61.11%.

In related news, Director David J. Contis sold 3,304 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $90.95, for a total value of $300,498.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in ELS. Qube Research & Technologies Ltd purchased a new position in Equity Lifestyle Properties in the second quarter worth $156,000. Campbell & CO Investment Adviser LLC purchased a new position in Equity Lifestyle Properties in the second quarter worth $204,000. Koch Industries Inc. purchased a new position in Equity Lifestyle Properties in the first quarter worth $205,000. Chicago Equity Partners LLC purchased a new position in Equity Lifestyle Properties in the second quarter worth $207,000. Finally, Hartford Investment Management Co. purchased a new position in Equity Lifestyle Properties in the second quarter worth $220,000. Institutional investors own 98.45% 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 July 23, 2018, we own or have an interest in 410 quality properties in 32 states and British Columbia consisting of 153,549 sites.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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