Equity LifeStyle Properties, Inc. (NYSE:ELS) has been making waves in the real estate investment trust (REIT) sector, with its stock garnering attention from analysts and investors alike. The company, which owns or has an interest in 451 properties in 35 states and British Columbia, has recently been the subject of several analyst reports, leading to a consensus rating of “Hold” from eight brokerages.
According to Marketbeat.com, six research analysts have rated ELS stock as a hold, while two have assigned a buy rating to the company. The average 12-month target price among analysts who have issued reports on the stock in the last year is $68.85. This indicates a potential upside for investors who are considering adding ELS to their portfolios.
Recent analyst reports have provided insight into the company’s performance and prospects. Truist Financial, for example, lowered their price target on Equity LifeStyle Properties from $72.00 to $65.00, citing a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft also initiated coverage on ELS with a “hold” rating and a $64.00 target price. On the other hand, Wolfe Research upgraded the stock from a “peer perform” rating to an “outperform” rating with a $75.00 price target.
In terms of recent trading activity, ELS stock opened at $63.03 on Wednesday, with a 1-year low of $59.82 and a high of $74.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03, and a quick ratio of 0.03. With a market capitalization of $11.76 billion, a PE ratio of 34.44, and a beta of 0.70, Equity LifeStyle Properties is positioned for potential growth in the REIT sector.
Equity LifeStyle Properties also recently announced a quarterly dividend, which will be paid on July 12th to shareholders of record on June 28th. The dividend of $0.477 per share represents an annualized dividend of $1.91 and a yield of 3.03%. The company’s payout ratio is 104.37%, indicating a commitment to returning value to shareholders through dividends.
Institutional investors have shown interest in ELS, with several increasing their stakes in the company. Inspire Investing LLC and Sei Investments Co. both grew their holdings in the first quarter, while Susquehanna Fundamental Investments LLC and Mystic Asset Management Inc. acquired new positions. Overall, institutional investors and hedge funds now own 97.21% of Equity LifeStyle Properties’ stock.
With a diverse portfolio of properties and a strong track record in the REIT sector, Equity LifeStyle Properties continues to attract attention from analysts and investors. As the company navigates market challenges and capitalizes on growth opportunities, shareholders can expect to see potential returns on their investments.