Equity Lifestyle Properties (NYSE:ELS) had its price objective boosted by equities research analysts at Robert W. Baird from $61.00 to $68.00 in a note issued to investors on Thursday, October 24th, Stock Target Advisor reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s target price would suggest a potential downside of 3.68% from the company’s current price.
Other analysts also recently issued research reports about the company. BMO Capital Markets reiterated a “hold” rating and set a $65.00 price target on shares of Equity Lifestyle Properties in a research report on Wednesday, October 23rd. Wells Fargo & Co reiterated a “hold” rating on shares of Equity Lifestyle Properties in a research report on Thursday, October 17th. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, ValuEngine upgraded Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Equity Lifestyle Properties currently has a consensus rating of “Hold” and an average price target of $67.70.
ELS traded up $0.98 during trading hours on Thursday, hitting $70.60. The stock had a trading volume of 576,267 shares, compared to its average volume of 898,144. Equity Lifestyle Properties has a 1 year low of $46.46 and a 1 year high of $70.88. The company’s fifty day simple moving average is $91.43 and its 200 day simple moving average is $117.42. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock has a market cap of $12.50 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 4.48 and a beta of 0.17.
Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.19). The company had revenue of $271.20 million during the quarter, compared to the consensus estimate of $256.13 million. Equity Lifestyle Properties had a return on equity of 22.11% and a net margin of 27.47%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, equities analysts expect that Equity Lifestyle Properties will post 2.1 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in ELS. Marshall Wace North America L.P. purchased a new position in Equity Lifestyle Properties in the 1st quarter worth approximately $69,000. Eii Capital Management Inc. increased its stake in Equity Lifestyle Properties by 32.7% in the 2nd quarter. Eii Capital Management Inc. now owns 15,512 shares of the real estate investment trust’s stock worth $1,882,000 after purchasing an additional 3,821 shares during the period. Denali Advisors LLC increased its stake in Equity Lifestyle Properties by 18.7% in the 2nd quarter. Denali Advisors LLC now owns 60,400 shares of the real estate investment trust’s stock worth $7,329,000 after purchasing an additional 9,500 shares during the period. Gulf International Bank UK Ltd purchased a new position in Equity Lifestyle Properties in the 2nd quarter worth approximately $2,675,000. Finally, Surevest Inc. increased its stake in Equity Lifestyle Properties by 151.4% in the 2nd quarter. Surevest Inc. now owns 14,946 shares of the real estate investment trust’s stock worth $1,814,000 after purchasing an additional 9,001 shares during the period. Institutional investors own 45.40% of the company’s stock.
About Equity Lifestyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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