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

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

A number of other equities analysts have also recently issued reports on ELS. Robert W. Baird boosted their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. 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, 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 report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.90.

Equity LifeStyle Properties Stock Down 0.2 %

NYSE ELS opened at $65.12 on Tuesday. Equity LifeStyle Properties has a 52 week low of $59.82 and a 52 week high of $76.60. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 3.28 and a beta of 0.79. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $67.67 and a two-hundred day moving average of $69.52.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. On average, analysts predict that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.

Institutional Trading of Equity LifeStyle Properties

A number of hedge funds have recently bought and sold shares of the stock. Moran Wealth Management LLC raised its holdings in Equity LifeStyle Properties by 0.8% in the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock worth $1,264,000 after purchasing an additional 143 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 146 shares during the last quarter. Toronto Dominion Bank grew its holdings in Equity LifeStyle Properties by 0.9% in the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 154 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Equity LifeStyle Properties by 14.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 269 shares in 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.