Equity LifeStyle Properties (NYSE:ELS) Given New $73.00 Price Target at Robert W. Baird

Equity LifeStyle Properties (NYSE:ELS) had its target price lifted by analysts at Robert W. Baird from $72.00 to $73.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 7.95% from the stock’s previous close.

ELS has been the topic of several other research reports. Evercore ISI reduced their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Compass Point boosted their price objective on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.90.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS traded down $1.70 on Tuesday, hitting $67.63. The company’s stock had a trading volume of 811,368 shares, compared to its average volume of 1,382,165. Equity LifeStyle Properties has a 12-month low of $59.82 and a 12-month high of $76.60. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a 50 day moving average of $67.98 and a 200-day moving average of $69.58.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. As a group, research analysts predict that Equity LifeStyle Properties will post 2.92 EPS for the current year.

Institutional Investors Weigh In On Equity LifeStyle Properties

Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at $30,000. Board of the Pension Protection Fund purchased a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at $33,000. UMB Bank n.a. boosted its stake in shares of Equity LifeStyle Properties by 356.4% in the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 417 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 purchasing an additional 171 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Equity LifeStyle Properties

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.