Cantor Fitzgerald Reiterates Hold Rating for Equity Lifestyle Properties, Inc. (ELS)

Cantor Fitzgerald reiterated their hold rating on shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in a research report sent to investors on Monday. The firm currently has a $81.00 price target on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Equity Lifestyle Properties from a hold rating to a buy rating and set a $98.00 price target on the stock in a research note on Thursday, September 21st. BidaskClub cut Equity Lifestyle Properties from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $87.67.

Equity Lifestyle Properties (NYSE:ELS) traded down 0.33% on Monday, reaching $87.48. 91,572 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $87.27 and its 200 day moving average is $85.30. Equity Lifestyle Properties has a 1-year low of $65.87 and a 1-year high of $90.80. The stock has a market capitalization of $7.65 billion, a P/E ratio of 41.82 and a beta of 0.32.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.34). The company had revenue of $241.63 million during the quarter, compared to analysts’ expectations of $226.85 million. Equity Lifestyle Properties had a return on equity of 21.39% and a net margin of 22.52%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. Analysts expect that Equity Lifestyle Properties will post $2.15 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.4875 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.95 dividend on an annualized basis and a yield of 2.22%. Equity Lifestyle Properties’s payout ratio is presently 93.30%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Equity Lifestyle Properties by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock worth $1,108,326,000 after acquiring an additional 343,326 shares during the period. BlackRock Inc. boosted its position in Equity Lifestyle Properties by 3.4% during the 2nd quarter. BlackRock Inc. now owns 6,258,525 shares of the real estate investment trust’s stock worth $540,359,000 after acquiring an additional 207,679 shares during the period. State Street Corp boosted its position in Equity Lifestyle Properties by 0.5% during the 2nd quarter. State Street Corp now owns 2,545,930 shares of the real estate investment trust’s stock worth $219,817,000 after acquiring an additional 13,279 shares during the period. Janus Henderson Group PLC boosted its position in Equity Lifestyle Properties by 2,051.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,010,984 shares of the real estate investment trust’s stock worth $173,664,000 after acquiring an additional 1,917,506 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Equity Lifestyle Properties by 2.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,860,764 shares of the real estate investment trust’s stock worth $160,658,000 after acquiring an additional 48,991 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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