Equity LifeStyle Properties (NYSE:ELS) Stock Rating Lowered by Zacks Investment Research

Equity LifeStyle Properties (NYSE:ELS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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 reports. Colliers Securities restated a “buy” rating on shares of Equity LifeStyle Properties in a research note on Thursday, September 2nd. Barclays began coverage on Equity LifeStyle Properties in a research note on Wednesday, September 1st. They set an “overweight” rating and a $92.00 price target on the stock. Finally, Royal Bank of Canada upped their price target on Equity LifeStyle Properties from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 20th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Equity LifeStyle Properties has an average rating of “Buy” and an average price target of $81.88.

Equity LifeStyle Properties stock traded up $1.70 during mid-day trading on Thursday, hitting $85.80. The company’s stock had a trading volume of 334,887 shares, compared to its average volume of 789,406. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $83.20 and its two-hundred day moving average is $80.06. Equity LifeStyle Properties has a 1 year low of $57.97 and a 1 year high of $88.47. The firm has a market capitalization of $15.77 billion, a PE ratio of 60.42, a price-to-earnings-growth ratio of 5.86 and a beta of 0.55.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Sunday, October 17th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Equity LifeStyle Properties had a return on equity of 20.04% and a net margin of 21.47%. The company had revenue of $332.90 million for the quarter, compared to analysts’ expectations of $286.09 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts expect that Equity LifeStyle Properties will post 2.51 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of Equity LifeStyle Properties by 1.4% in the second quarter. HighTower Advisors LLC now owns 9,494 shares of the real estate investment trust’s stock valued at $704,000 after acquiring an additional 128 shares in the last quarter. Signaturefd LLC increased its holdings in Equity LifeStyle Properties by 13.5% in the third quarter. Signaturefd LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 137 shares during the last quarter. Scotia Capital Inc. increased its holdings in Equity LifeStyle Properties by 4.7% in the second quarter. Scotia Capital Inc. now owns 3,564 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 160 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Equity LifeStyle Properties by 1.9% in the second quarter. Mutual of America Capital Management LLC now owns 11,039 shares of the real estate investment trust’s stock valued at $820,000 after buying an additional 201 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in Equity LifeStyle Properties by 24.1% in the third quarter. Arkadios Wealth Advisors now owns 1,479 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 287 shares during the last quarter. Institutional investors and hedge funds own 90.71% of the company’s stock.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations; and Home Sales and Rentals Operations.

See Also: Return on Equity (ROE)

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Analyst Recommendations for Equity LifeStyle Properties (NYSE:ELS)

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