Wall Street's Advice on ELS Stock Very Mixed
Is it any wonder why stock advice sometimes seems confusing?
One equities research analyst has rated the stock of Equity LifeStyle Properties Inc. (ELS) with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Equity Lifestyle Properties presently has an average rating of hold and an average target price of $64.63.
Mostly recently, Ned Davis Research lowered shares of ELS from a neutral rating to a sell rating in a report released on Monday (June 10), Stock Ratings Network reported.
ELS has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated a market perform rating on shares of Equity Lifestyle Properties in a research note to investors on May 20. They now have a $85.00 price target on the stock, up previously from $74.00. Separately, analysts at TheStreet upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating in a research note to investors on Wednesday, May 8th. Finally, analysts at Imperial Capital initiated coverage on shares of Equity Lifestyle Properties in a research note to investors on Wednesday, April 17th. They set an outperform rating and a $86.00 price target on the stock.
Shares of ELS opened today (June 12) at $78.50. Equity Lifestyle Properties has a one year low of $63.18 and a one year high of $85.72. The stock’s 50-day moving average is currently $81.24. The company has a market cap of $3.262 billion and a P/E ratio of 42.19.
The company also recently announced a quarterly dividend, which is scheduled for July 12. Stockholders of record on June 28 will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is June 26.
Equity LifeStyle Properties Inc. is the nation's largest owner and operator of RV and manufactured housing parks and communities.