Wall Street's Advice on ELS Stock Very Mixed

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June 12, 2013 by   - () Leave a Comment

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.

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