Wall Street Zen Upgrades Equity Lifestyle Properties (NYSE:ELS) to Hold

Equity Lifestyle Properties (NYSE:ELS) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Evercore ISI lowered their price target on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, July 22nd. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Morgan Stanley lowered their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $61.09 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.84 billion, a PE ratio of 30.70, a P/E/G ratio of 3.32 and a beta of 0.71. Equity Lifestyle Properties has a twelve month low of $58.15 and a twelve month high of $73.67. The company has a 50-day moving average price of $61.11 and a two-hundred day moving average price of $61.95.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The firm had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. Equities analysts forecast that Equity Lifestyle Properties will post 3.07 EPS for the current year.

Institutional Investors Weigh In On Equity Lifestyle Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its stake in Equity Lifestyle Properties by 20.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 16,575 shares of the real estate investment trust’s stock valued at $1,006,000 after purchasing an additional 2,795 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of Equity Lifestyle Properties by 910.4% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock worth $6,091,000 after acquiring an additional 90,454 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Equity Lifestyle Properties by 8.4% during the third quarter. Resona Asset Management Co. Ltd. now owns 113,575 shares of the real estate investment trust’s stock worth $6,791,000 after acquiring an additional 8,782 shares in the last quarter. Seven Post Investment Office LP raised its stake in shares of Equity Lifestyle Properties by 0.8% during the third quarter. Seven Post Investment Office LP now owns 193,318 shares of the real estate investment trust’s stock worth $11,734,000 after acquiring an additional 1,592 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in shares of Equity Lifestyle Properties during the third quarter worth approximately $331,000. 97.21% of the stock is owned by hedge funds and other 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.