Equity LifeStyle Properties (NYSE:ELS) Price Target Raised to $73.00

Equity LifeStyle Properties (NYSE:ELS) had its target price lifted by Robert W. Baird from $72.00 to $73.00 in a research note published on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on ELS. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Evercore ISI dropped their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Compass Point raised their price objective on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.90.

Equity LifeStyle Properties Trading Down 0.2 %

Shares of Equity LifeStyle Properties stock opened at $65.12 on Tuesday. Equity LifeStyle Properties has a 12-month low of $59.82 and a 12-month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.44 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79. The company has a 50-day moving average of $67.67 and a two-hundred day moving average of $69.52.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. On average, research analysts anticipate that Equity LifeStyle Properties will post 2.92 EPS for the current fiscal year.

Institutional Trading of Equity LifeStyle Properties

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Equity LifeStyle Properties by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after acquiring an additional 147,332 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Equity LifeStyle Properties by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock valued at $331,707,000 after purchasing an additional 39,864 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Equity LifeStyle Properties by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust’s stock valued at $273,014,000 after purchasing an additional 65,191 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Equity LifeStyle Properties by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust’s stock valued at $174,155,000 after purchasing an additional 87,609 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 370.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock valued at $166,182,000 after purchasing an additional 1,834,491 shares during the last quarter. Institutional investors and hedge funds own 97.21% 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.