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Wall Street Firm Advice: ‘Hold’ ELS’s Stock

April 12, 2013 by   - () Leave a Comment

Industry leader stock rating altered

Equity LifeStyle Properties (ELS) stock was downgraded by Cantor Fitzgerald from a “buy” rating to a “hold” rating in a research note issued today (April 12), AnalystRatingsNetwork.com reports. They currently have a $75.50 price target on the stock.

ELS opened today at $80.45. The stock has a one-year low of $63.18 and a 1-year high of $80.83. The stock’s 50-day moving average is currently $75.94. The company has a market cap of $3.353 billion and a price-to-earnings ratio of 61.09.

ELS last issued its quarterly earnings data Jan. 29. The company reported $1.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.11. The company had revenue of $171.93 million for the quarter, compared to the consensus estimate of $169.40 million.

During the same quarter last year, the company posted $0.96 earnings per share. Equity Lifestyle Properties’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Equity Lifestyle Properties will post $5.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for today. Investors of record on March 29 will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.49%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.44.

ELS is the leading owner and operator of RV parks and manufactured housing communities.

 

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