Equity Lifestyle Properties, Inc. (NYSE:ELS) Stock Rating Lowered by Zacks Investment Research

Equity Lifestyle Properties, Inc. (NYSE:ELS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, October 24th.

According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “

Several other equities research analysts also recently commented on ELS. BidaskClub downgraded shares of Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $81.00 target price (up previously from $75.00) on shares of Equity Lifestyle Properties in a research note on Saturday, July 22nd. Robert W. Baird cut shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, September 8th. BMO Capital Markets started coverage on shares of Equity Lifestyle Properties in a report on Monday, October 9th. They issued a “market perform” rating and a $92.00 price target for the company. Finally, Citigroup Inc. upped their price target on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $87.67.

Equity Lifestyle Properties (ELS) opened at $89.42 on Tuesday. The company has a market cap of $7,854.38, a PE ratio of 25.40, a price-to-earnings-growth ratio of 4.80 and a beta of 0.31. Equity Lifestyle Properties has a 12-month low of $65.87 and a 12-month high of $90.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. The business had revenue of $241.63 million for the quarter, compared to the consensus estimate of $226.85 million. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. equities research analysts predict that Equity Lifestyle Properties will post 3.58 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Equity Lifestyle Properties by 14.2% during the second quarter. Legal & General Group Plc now owns 221,777 shares of the real estate investment trust’s stock worth $19,148,000 after acquiring an additional 27,582 shares in the last quarter. Macquarie Group Ltd. raised its position in Equity Lifestyle Properties by 3.2% during the first quarter. Macquarie Group Ltd. now owns 356,050 shares of the real estate investment trust’s stock worth $27,437,000 after acquiring an additional 10,912 shares in the last quarter. UBS Group AG raised its position in Equity Lifestyle Properties by 40.9% during the first quarter. UBS Group AG now owns 12,485 shares of the real estate investment trust’s stock worth $962,000 after acquiring an additional 3,625 shares in the last quarter. BlackRock Inc. raised its position in Equity Lifestyle Properties by 4,674.0% during the first quarter. BlackRock Inc. now owns 6,050,846 shares of the real estate investment trust’s stock worth $466,277,000 after acquiring an additional 5,924,100 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Equity Lifestyle Properties by 2.5% in the second quarter. Swiss National Bank now owns 137,300 shares of the real estate investment trust’s stock valued at $11,854,000 after purchasing an additional 3,400 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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