Equity LifeStyle Properties (NYSE:ELS) Given “Sector Perform” Rating at Royal Bank of Canada

Equity LifeStyle Properties (NYSE:ELS)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank of Canada in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $68.00 target price on the real estate investment trust’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 1.89% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Barclays decreased their price target on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Evercore ISI lifted their price objective on shares of Equity LifeStyle Properties from $69.00 to $72.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Truist Financial dropped their target price on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.39.

Equity LifeStyle Properties Stock Up 0.6 %

ELS stock traded up $0.40 during midday trading on Wednesday, hitting $66.74. 251,560 shares of the company’s stock were exchanged, compared to its average volume of 1,227,489. The firm has a 50 day moving average price of $64.06 and a 200-day moving average price of $64.84. Equity LifeStyle Properties has a 12-month low of $59.82 and a 12-month high of $74.04. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 3.99 and a beta of 0.77. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.73% and a net margin of 23.56%. The company had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. During the same quarter last year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that Equity LifeStyle Properties will post 2.9 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ELS. Mather Group LLC. bought a new stake in shares of Equity LifeStyle Properties during the first quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in Equity LifeStyle Properties during the 1st quarter worth $27,000. V Square Quantitative Management LLC acquired a new position in Equity LifeStyle Properties during the 2nd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Equity LifeStyle Properties in the fourth quarter worth $35,000. Finally, Blue Trust Inc. raised its stake in shares of Equity LifeStyle Properties by 167.1% during the second quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 391 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Company Profile

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.