Royal Bank of Canada Cuts Equity LifeStyle Properties (NYSE:ELS) Price Target to $68.00

Equity LifeStyle Properties (NYSE:ELS) had its price objective decreased by Royal Bank of Canada from $69.00 to $68.00 in a research report released on Wednesday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

ELS has been the subject of several other research reports. Robert W. Baird lifted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Evercore ISI reduced their target price 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. Compass Point lifted their target price 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. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.90.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $65.48 on Wednesday. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a 50-day simple moving average of $67.56 and a 200 day simple moving average of $69.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company has a market capitalization of $12.51 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, research analysts predict that Equity LifeStyle Properties will post 3.1 EPS for the current year.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several hedge funds have recently bought and sold shares of ELS. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties during the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties during the fourth quarter valued at approximately $33,000. UMB Bank n.a. lifted its position in Equity LifeStyle Properties by 356.4% during the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 417 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 146 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

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.