Equity LifeStyle Properties (NYSE:ELS) Stock Rating Upgraded by Truist Financial

Equity LifeStyle Properties (NYSE:ELS) was upgraded by Truist Financial from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, MarketBeat reports.

ELS has been the topic of a number of other research reports. Robert W. Baird lifted their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Evercore ISI raised their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Compass Point raised their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.30.

Equity LifeStyle Properties Trading Up 0.5 %

ELS opened at $66.52 on Friday. The firm has a market capitalization of $12.71 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.21 and a beta of 0.79. The firm’s 50 day moving average is $68.54 and its 200-day moving average is $69.42. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The firm had revenue of $387.30 million for the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. Analysts expect that Equity LifeStyle Properties will post 2.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Equity LifeStyle Properties

A number of hedge funds have recently added to or reduced their stakes in ELS. Seven Post Investment Office LP lifted its stake in Equity LifeStyle Properties by 0.7% in the fourth quarter. Seven Post Investment Office LP now owns 188,798 shares of the real estate investment trust’s stock valued at $12,574,000 after buying an additional 1,344 shares during the last quarter. Aurora Investment Managers LLC. lifted its stake in Equity LifeStyle Properties by 8.6% in the fourth quarter. Aurora Investment Managers LLC. now owns 52,137 shares of the real estate investment trust’s stock valued at $3,472,000 after buying an additional 4,139 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 171 shares during the last quarter. UMB Bank n.a. lifted its stake in Equity LifeStyle Properties by 68.2% in the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 364 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at $917,000. Institutional investors and hedge funds 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.