Equity Lifestyle Properties (NYSE:ELS) Stock Price Target Cut by Truist Financial

Equity Lifestyle Properties (NYSE:ELS) had its price objective lowered by Truist Financial from $64.00 to $63.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial‘s target price points to a potential upside of 4.35% from the stock’s previous close.

A number of other research firms also recently issued reports on ELS. Wells Fargo & Company set a $64.00 target price on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research report on Monday, October 19th. Robert W. Baird reduced their price target on shares of Equity Lifestyle Properties from $74.00 to $71.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. UBS Group decreased their price objective on shares of Equity Lifestyle Properties from $76.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Weiss Ratings downgraded shares of Equity Lifestyle Properties from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Finally, Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.02.

Equity Lifestyle Properties Trading Down 0.1%

NYSE:ELS traded down $0.08 on Tuesday, hitting $60.37. 318,634 shares of the stock were exchanged, compared to its average volume of 1,709,756. The stock has a fifty day moving average of $60.63 and a 200-day moving average of $63.52. The stock has a market cap of $11.76 billion, a PE ratio of 29.72, a PEG ratio of 3.52 and a beta of 0.63. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.32. Equity Lifestyle Properties has a fifty-two week low of $57.46 and a fifty-two week high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.34). The firm had revenue of $409.90 million during the quarter, compared to analyst estimates of $402.75 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. As a group, equities analysts expect that Equity Lifestyle Properties will post 3.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equity Lifestyle Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Equity Lifestyle Properties in the second quarter valued at about $1,576,449,000. Principal Financial Group Inc. lifted its position in Equity Lifestyle Properties by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 6,435,365 shares of the real estate investment trust’s stock worth $401,698,000 after acquiring an additional 66,772 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Equity Lifestyle Properties by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,806,080 shares of the real estate investment trust’s stock worth $175,156,000 after acquiring an additional 19,256 shares in the last quarter. Bank of America Corp DE lifted its position in Equity Lifestyle Properties by 24.4% during the 1st quarter. Bank of America Corp DE now owns 1,980,918 shares of the real estate investment trust’s stock worth $123,649,000 after acquiring an additional 388,806 shares in the last quarter. Finally, Resolution Capital Ltd lifted its position in Equity Lifestyle Properties by 3.3% during the 1st quarter. Resolution Capital Ltd now owns 1,885,292 shares of the real estate investment trust’s stock worth $117,680,000 after acquiring an additional 59,809 shares in the last quarter. 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 real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.