Equity Lifestyle Properties (NYSE:ELS) Downgraded by TheStreet

TheStreet lowered shares of Equity Lifestyle Properties (NYSE:ELS) from a b- rating to a c+ rating in a research report sent to investors on Tuesday, January 16th.

ELS has been the topic of several other reports. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research note on Tuesday, October 24th. Citigroup upped their price target on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a neutral rating in a research note on Thursday, October 19th. Robert W. Baird set a $90.00 price target on shares of Equity Lifestyle Properties and gave the stock a neutral rating in a research note on Friday, January 5th. BMO Capital Markets assumed coverage on shares of Equity Lifestyle Properties in a research note on Monday, October 9th. They issued a market perform rating and a $92.00 price target on the stock. Finally, Evercore ISI raised shares of Equity Lifestyle Properties from an underperform rating to an in-line rating in a research note on Monday, December 4th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Equity Lifestyle Properties currently has a consensus rating of Hold and a consensus price target of $89.50.

Shares of Equity Lifestyle Properties (NYSE ELS) traded up $0.90 during trading hours on Tuesday, reaching $82.45. 469,102 shares of the company’s stock traded hands, compared to its average volume of 426,743. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties has a 52 week low of $74.68 and a 52 week high of $91.94. The firm has a market cap of $7,303.83, a P/E ratio of 38.00, a P/E/G ratio of 4.09 and a beta of 0.21.

In related news, Vice Chairman Howard Walker sold 1,200 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total value of $106,488.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Seavey sold 7,775 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $87.98, for a total transaction of $684,044.50. Following the completion of the sale, the chief financial officer now owns 48,502 shares of the company’s stock, valued at approximately $4,267,205.96. The disclosure for this sale can be found here. Insiders have sold 21,475 shares of company stock valued at $1,894,283 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 2.7% in the second quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock valued at $1,108,326,000 after buying an additional 343,326 shares during the period. BlackRock Inc. raised its position in Equity Lifestyle Properties by 1.3% in the fourth quarter. BlackRock Inc. now owns 6,571,795 shares of the real estate investment trust’s stock worth $585,020,000 after purchasing an additional 84,939 shares in the last quarter. Cohen & Steers Inc. raised its position in Equity Lifestyle Properties by 17.6% in the third quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock worth $411,001,000 after purchasing an additional 724,655 shares in the last quarter. State Street Corp raised its position in Equity Lifestyle Properties by 0.5% in the second quarter. State Street Corp now owns 2,545,930 shares of the real estate investment trust’s stock worth $219,817,000 after purchasing an additional 13,279 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Equity Lifestyle Properties by 18.6% in the third quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock worth $187,683,000 after purchasing an additional 345,194 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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Equity Lifestyle Properties Company Profile

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.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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