Equity LifeStyle Properties (NYSE:ELS – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday, Zacks.com reports. The firm currently has a $85.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s target price indicates a potential upside of 9.90% from the stock’s previous close.
According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “
ELS has been the topic of a number of other research reports. StockNews.com assumed coverage on shares of Equity LifeStyle Properties in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Truist Financial started coverage on Equity LifeStyle Properties in a research note on Tuesday, May 10th. They set a “buy” rating and a $78.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of “Buy” and a consensus target price of $85.14.
Shares of NYSE ELS traded up $1.79 on Monday, reaching $77.34. 25,796 shares of the company’s stock traded hands, compared to its average volume of 920,436. The business’s 50 day simple moving average is $76.04 and its two-hundred day simple moving average is $78.73. Equity LifeStyle Properties has a 12 month low of $67.57 and a 12 month high of $88.70. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 50.88, a price-to-earnings-growth ratio of 5.55 and a beta of 0.59. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.37.
Equity LifeStyle Properties (NYSE:ELS – Get Rating) last posted its quarterly earnings data on Monday, April 18th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.25). The company had revenue of $360.20 million for the quarter, compared to the consensus estimate of $305.59 million. Equity LifeStyle Properties had a net margin of 20.97% and a return on equity of 19.91%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. Analysts forecast that Equity LifeStyle Properties will post 2.76 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. increased its position in shares of Equity LifeStyle Properties by 1,134.6% during the 1st quarter. First Horizon Advisors Inc. now owns 321 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 295 shares during the last quarter. KB Financial Partners LLC purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth $32,000. CWM LLC purchased a new position in Equity LifeStyle Properties during the fourth quarter valued at $40,000. National Bank of Canada FI bought a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $46,000. Finally, Desjardins Global Asset Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at $50,000. 90.90% of the stock is currently owned by institutional investors and hedge funds.
About Equity LifeStyle Properties (Get Rating)
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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