Equity Lifestyle Properties (NYSE:ELS) Upgraded at Jefferies Financial Group

Equity Lifestyle Properties (NYSE:ELS) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Barclays reaffirmed an “equal weight” rating and issued a $68.00 price target on shares of Equity Lifestyle Properties in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, April 15th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Finally, Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Equity Lifestyle Properties presently has an average rating of “Hold” and a consensus price target of $68.70.

Equity Lifestyle Properties Stock Up 1.0%

Shares of NYSE:ELS opened at $65.53 on Wednesday. The stock’s 50-day moving average price is $63.51 and its 200-day moving average price is $64.12. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $69.00. The stock has a market capitalization of $12.71 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 3.95 and a beta of 0.66. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. During the same quarter in the previous year, the company posted $0.69 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 5.5% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2026 guidance at 3.130-3.230 EPS and its Q3 2026 guidance at 0.760-0.820 EPS. On average, equities analysts anticipate that Equity Lifestyle Properties will post 3.18 earnings per share for the current year.

Hedge Funds Weigh In On Equity Lifestyle Properties

Several hedge funds have recently made changes to their positions in ELS. Empowered Funds LLC raised its holdings in Equity Lifestyle Properties by 3.5% in the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 169 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Equity Lifestyle Properties by 30.3% in the 1st quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 171 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Equity Lifestyle Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock valued at $2,628,000 after purchasing an additional 172 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Equity Lifestyle Properties by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 178 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Equity Lifestyle Properties by 3.5% during the first quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 189 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.