Today: The Equity Lifestyle Properties Inc. (ELS) Downgraded by TheStreet

The Equity Lifestyle Properties Inc. (ELS) Downgraded by TheStreet

TheStreet cut shares of Equity Lifestyle Properties Inc. (NYSE:ELS) from a buy rating to a hold rating in a report issued on Friday.

Other research analysts have also issued research reports about the stock. BMO Capital Markets reissued a hold rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday, July 28th. Citigroup Inc. lifted their price objective on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a neutral rating in a research note on Thursday, July 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of C$71.25.

Shares of Equity Lifestyle Properties (NYSE:ELS) opened at 73.71 on Friday. The company has a 50 day moving average of $76.88 and a 200 day moving average of $75.66. Equity Lifestyle Properties has a 12 month low of $57.71 and a 12 month high of $83.19. The stock has a market cap of $6.29 billion, a P/E ratio of 39.78 and a beta of 0.40.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 18th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The business had revenue of $210.10 million for the quarter, compared to analyst estimates of $114.76 million. During the same quarter last year, the firm earned $0.70 EPS. Equity Lifestyle Properties’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that Equity Lifestyle Properties will post $3.30 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, September 28th. Equity Lifestyle Properties’s payout ratio is currently 91.40%.

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of Equity Lifestyle Properties by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 3,164 shares of the company’s stock worth $211,000 after buying an additional 41 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Equity Lifestyle Properties by 0.4% in the second quarter. Glenmede Trust Co. NA now owns 15,200 shares of the company’s stock worth $1,216,000 after buying an additional 60 shares in the last quarter. National Asset Management Inc. raised its stake in shares of Equity Lifestyle Properties by 2.4% in the second quarter. National Asset Management Inc. now owns 3,352 shares of the company’s stock worth $269,000 after buying an additional 80 shares in the last quarter. World Asset Management Inc raised its stake in shares of Equity Lifestyle Properties by 5.7% in the second quarter. World Asset Management Inc now owns 3,785 shares of the company’s stock worth $303,000 after buying an additional 204 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Equity Lifestyle Properties by 5.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,122 shares of the company’s stock worth $330,000 after buying an additional 213 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Company Profile

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