Evercore ISI Cuts Equity LifeStyle Properties (NYSE:ELS) Price Target to $73.00

Equity LifeStyle Properties (NYSE:ELS) had its price objective trimmed by Evercore ISI from $74.00 to $73.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust’s stock.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Compass Point boosted their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Three equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.90.

Equity LifeStyle Properties Stock Down 0.2 %

ELS stock opened at $65.12 on Tuesday. The stock has a market capitalization of $12.44 billion, a P/E ratio of 33.56, a P/E/G ratio of 3.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The business has a fifty day moving average price of $67.67 and a 200-day moving average price 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 for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. Equities analysts forecast that Equity LifeStyle Properties will post 2.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ELS. JPMorgan Chase & Co. grew its holdings in Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock valued at $339,713,000 after buying an additional 147,332 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Equity LifeStyle Properties by 0.9% in the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock worth $331,707,000 after buying an additional 39,864 shares in the last quarter. Geode Capital Management LLC boosted its stake in Equity LifeStyle Properties by 1.7% during the third 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 buying an additional 65,191 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Equity LifeStyle Properties by 3.7% during 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 buying an additional 87,609 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in 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 worth $166,182,000 after acquiring an additional 1,834,491 shares during the last quarter. Hedge funds and other institutional investors 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.