Equity Lifestyle Properties (NYSE:ELS)‘s stock had its “hold” rating reiterated by equities research analysts at Robert W. Baird in a research note issued on Monday. They currently have a $95.00 price target on the real estate investment trust’s stock. Robert W. Baird’s price target would indicate a potential upside of 3.92% from the stock’s previous close.
A number of other research analysts have also issued reports on the stock. Evercore ISI upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research note on Monday, December 4th. BMO Capital Markets reiterated a “hold” rating and issued a $94.00 target price on shares of Equity Lifestyle Properties in a research note on Monday, November 27th. Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup raised their target price on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 target price on shares of Equity Lifestyle Properties in a research note on Monday, October 16th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and an average target price of $88.50.
Equity Lifestyle Properties (ELS) opened at $91.42 on Monday. Equity Lifestyle Properties has a 12 month low of $69.03 and a 12 month high of $91.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $8,015.98, a price-to-earnings ratio of 25.93, a PEG ratio of 4.90 and a beta of 0.30.
Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.34). Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The firm had revenue of $241.63 million during the quarter, compared to analyst estimates of $226.85 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. research analysts forecast that Equity Lifestyle Properties will post 3.58 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. grew its position in Equity Lifestyle Properties by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 125 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Equity Lifestyle Properties in the 3rd quarter worth $148,000. Pacad Investment Ltd. acquired a new stake in Equity Lifestyle Properties in the 2nd quarter worth $155,000. Parallel Advisors LLC grew its position in Equity Lifestyle Properties by 3.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 82 shares during the last quarter. Finally, Gofen & Glossberg LLC IL acquired a new stake in Equity Lifestyle Properties in the 2nd quarter worth $215,000. Institutional investors own 97.86% of the company’s stock.
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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