Equity Lifestyle Properties (ELS) Upgraded by Evercore ISI to “In-Line”

Equity Lifestyle Properties (NYSE:ELS) was upgraded by stock analysts at Evercore ISI from an “underperform” rating to an “in-line” rating in a report released on Monday, December 4th, Marketbeat reports.

A number of other equities research analysts have also recently weighed in on ELS. BidaskClub raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Tuesday, August 22nd. Robert W. Baird cut Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research note on Friday, September 8th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a research note on Wednesday, September 13th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Equity Lifestyle Properties presently has a consensus rating of “Hold” and an average price target of $89.67.

Equity Lifestyle Properties (NYSE:ELS) traded up $0.06 during trading hours on Monday, reaching $89.02. The company’s stock had a trading volume of 256,383 shares, compared to its average volume of 337,577. Equity Lifestyle Properties has a 12 month low of $71.00 and a 12 month high of $91.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $7,813.96, a P/E ratio of 42.59, a P/E/G ratio of 4.78 and a beta of 0.30.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data 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 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 period in the previous year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts expect that Equity Lifestyle Properties will post 3.58 EPS for the current year.

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 7,775 shares of Equity Lifestyle Properties stock in a transaction dated Thursday, December 21st. The stock was 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 directly owns 48,502 shares of the company’s stock, valued at approximately $4,267,205.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marguerite M. Nader sold 12,500 shares of Equity Lifestyle Properties stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $88.30, for a total value of $1,103,750.00. Following the sale, the insider now directly owns 97,868 shares of the company’s stock, valued at $8,641,744.40. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ELS. Capstone Asset Management Co. lifted its holdings in Equity Lifestyle Properties by 7.4% during the 2nd quarter. Capstone Asset Management Co. now owns 2,885 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 40.7% in the 2nd quarter. Aperio Group LLC now owns 22,410 shares of the real estate investment trust’s stock valued at $1,935,000 after purchasing an additional 6,488 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Equity Lifestyle Properties by 0.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,304 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 136 shares during the last quarter. NGAM Advisors L.P. lifted its holdings in shares of Equity Lifestyle Properties by 16.3% in the 2nd quarter. NGAM Advisors L.P. now owns 44,161 shares of the real estate investment trust’s stock valued at $3,813,000 after purchasing an additional 6,205 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Equity Lifestyle Properties by 3.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 48,578 shares of the real estate investment trust’s stock valued at $4,190,000 after purchasing an additional 1,467 shares during the last quarter. 97.86% of the stock is owned by institutional investors.

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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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