UBS Group Has Lowered Expectations for Equity Lifestyle Properties (NYSE:ELS) Stock Price

Equity Lifestyle Properties (NYSE:ELS) had its price target lowered by research analysts at UBS Group from $76.00 to $67.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s target price would indicate a potential upside of 13.74% from the company’s current price.

A number of other equities analysts also recently commented on ELS. Barclays set a $69.00 price objective on Equity Lifestyle Properties and gave the stock an “equal weight” rating in a report on Monday, August 17th. Evercore set a $68.00 target price on Equity Lifestyle Properties in a report on Monday, September 21st. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Wednesday, July 22nd. Truist Financial set a $64.00 price objective on Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Friday, September 11th. Finally, Mizuho restated a “neutral” rating and issued a $65.00 price objective (down from $72.00) on shares of Equity Lifestyle Properties in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $68.02.

Equity Lifestyle Properties Stock Performance

Shares of NYSE ELS traded up $0.41 during midday trading on Tuesday, hitting $58.90. 188,942 shares of the company’s stock were exchanged, compared to its average volume of 1,651,023. The stock’s 50 day moving average price is $62.77 and its 200-day moving average price is $63.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $11.43 billion, a P/E ratio of 28.34, a PEG ratio of 3.46 and a beta of 0.63. Equity Lifestyle Properties has a twelve month low of $57.46 and a twelve month high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The company had revenue of $397.81 million during the quarter, compared to analysts’ expectations of $383.66 million. During the same period in the prior year, the business posted $0.69 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Equity Lifestyle Properties will post 3.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ELS. Versant Capital Management Inc purchased a new stake in Equity Lifestyle Properties during the third quarter valued at about $26,000. Parkside Financial Bank & Trust lifted its position in shares of Equity Lifestyle Properties by 126.8% during the second quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 232 shares in the last quarter. Clearstead Trust LLC bought a new position in shares of Equity Lifestyle Properties in the second quarter worth $33,000. CX Institutional raised its stake in shares of Equity Lifestyle Properties by 1,288.6% during the 3rd quarter. CX Institutional now owns 611 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 567 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Equity Lifestyle Properties during the 2nd quarter worth about $37,000. Institutional investors own 97.21% of the company’s stock.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns and operates manufactured home communities, recreational vehicle resorts and marinas. Its properties provide residential sites for manufactured homes and park model homes, as well as vacation-oriented accommodations and facilities for RV owners and boaters.

The company serves a range of residents and travelers through long-term manufactured housing communities, seasonal and transient RV resorts, and marina properties.