Barclays Lowers Equity LifeStyle Properties (NYSE:ELS) Price Target to $72.00

Equity LifeStyle Properties (NYSE:ELS) had its target price reduced by analysts at Barclays from $78.00 to $72.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price objective suggests a potential upside of 18.95% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price on the stock. Truist Financial cut their price target on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Wednesday, January 24th. Wolfe Research raised Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, February 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.55.

Equity LifeStyle Properties Stock Performance

NYSE:ELS opened at $60.53 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. The company has a market cap of $11.29 billion, a P/E ratio of 33.08, a P/E/G ratio of 3.99 and a beta of 0.69. The firm’s 50 day moving average is $64.41 and its two-hundred day moving average is $67.08. Equity LifeStyle Properties has a fifty-two week low of $60.47 and a fifty-two week high of $74.04.

Institutional Trading of Equity LifeStyle Properties

Hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its stake in Equity LifeStyle Properties by 10.8% in the third quarter. CWM LLC now owns 2,029 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 198 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Equity LifeStyle Properties by 6.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 8,678 shares of the real estate investment trust’s stock worth $553,000 after acquiring an additional 546 shares during the period. Exchange Traded Concepts LLC lifted its position in Equity LifeStyle Properties by 2,830.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 8,937 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 8,632 shares during the last quarter. Oak Thistle LLC boosted its stake in Equity LifeStyle Properties by 30.7% during the 3rd quarter. Oak Thistle LLC now owns 4,360 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 1,024 shares during the period. Finally, Copeland Capital Management LLC boosted its stake in Equity LifeStyle Properties by 23.7% during the 3rd quarter. Copeland Capital Management LLC now owns 19,040 shares of the real estate investment trust’s stock valued at $1,213,000 after purchasing an additional 3,643 shares during the period. Institutional investors own 97.21% of the company’s stock.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.