Equity LifeStyle Properties (NYSE:ELS) Stock Rating Upgraded by Truist Financial

Equity LifeStyle Properties (NYSE:ELS) was upgraded by investment analysts at Truist Financial from a “hold” rating to a “buy” rating in a report issued on Friday, MarketBeat.com reports.

ELS has been the subject of a number of other reports. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Robert W. Baird raised their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upgraded Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.50 to $82.00 in a research note on Thursday, September 19th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI upped their target price on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.30.

Equity LifeStyle Properties Stock Up 0.6 %

Shares of NYSE:ELS traded up $0.41 during midday trading on Friday, hitting $66.61. 130,574 shares of the company’s stock traded hands, compared to its average volume of 1,330,816. The firm’s fifty day moving average price is $68.64 and its two-hundred day moving average price is $69.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a market cap of $12.73 billion, a PE ratio of 34.40, a P/E/G ratio of 3.21 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.28). The company had revenue of $387.30 million during the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. Equity LifeStyle Properties’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. On average, equities research analysts anticipate that Equity LifeStyle Properties will post 2.92 EPS for the current fiscal year.

Institutional Trading of Equity LifeStyle Properties

Several institutional investors have recently added to or reduced their stakes in the business. Board of the Pension Protection Fund acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $33,000. UMB Bank n.a. lifted its holdings in Equity LifeStyle Properties by 356.4% in the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 417 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 146 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Equity LifeStyle Properties during the 2nd quarter worth approximately $54,000. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.