Equity Lifestyle Properties (NYSE:ELS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $127.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.45% from the stock’s current price.
According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “
Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets reissued a “hold” rating and set a $104.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, January 28th. Citigroup set a $107.00 price objective on Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Wednesday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Equity Lifestyle Properties presently has an average rating of “Buy” and a consensus target price of $106.08.
NYSE:ELS opened at $113.95 on Wednesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $10.19 billion, a P/E ratio of 29.44, a PEG ratio of 4.94 and a beta of 0.34. Equity Lifestyle Properties has a 12 month low of $83.38 and a 12 month high of $114.35.
Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 28th. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.41). The firm had revenue of $243.50 million during the quarter, compared to analysts’ expectations of $232.05 million. Equity Lifestyle Properties had a return on equity of 19.46% and a net margin of 22.62%. Equity Lifestyle Properties’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities research analysts anticipate that Equity Lifestyle Properties will post 4.18 EPS for the current year.
In other Equity Lifestyle Properties news, Director David J. Contis sold 6,581 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $105.53, for a total transaction of $694,492.93. Following the sale, the director now directly owns 1,378 shares of the company’s stock, valued at $145,420.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ELS. Ffcm LLC bought a new stake in Equity Lifestyle Properties during the fourth quarter worth approximately $27,000. We Are One Seven LLC bought a new position in shares of Equity Lifestyle Properties during the fourth quarter valued at approximately $29,000. Advisor Group Inc. grew its stake in shares of Equity Lifestyle Properties by 29.8% during the fourth quarter. Advisor Group Inc. now owns 1,664 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 382 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Equity Lifestyle Properties during the fourth quarter valued at approximately $206,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Equity Lifestyle Properties during the third quarter valued at approximately $218,000. 95.06% of the stock is currently owned by institutional investors.
About Equity Lifestyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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