Equity Lifestyle Properties (NYSE:ELS) Stock Rating Upgraded by Jefferies Financial Group

Equity Lifestyle Properties (NYSE:ELS) was upgraded by stock analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. Barclays lowered their price objective on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, April 15th. Wells Fargo & Company dropped their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Robert W. Baird boosted their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.20.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $64.35 on Friday. The firm’s 50 day simple moving average is $63.02 and its 200 day simple moving average is $63.66. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $12.48 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.83 and a beta of 0.67. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts expect that Equity Lifestyle Properties will post 3.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equity Lifestyle Properties

A number of large investors have recently added to or reduced their stakes in ELS. Wiser Advisor Group LLC bought a new position in shares of Equity Lifestyle Properties during the 3rd quarter valued at about $25,000. GoalVest Advisory LLC bought a new stake in Equity Lifestyle Properties in the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its position in Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 453 shares during the last quarter. Clearstead Trust LLC boosted its stake in Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in Equity Lifestyle Properties in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.