Equity LifeStyle Properties (NYSE: ELS – Get Valuation) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report released Tuesday to clients and investors, Zacks.com reports. The company currently has a price target of $92.00 on shares of the real estate investment trust. Zacks Investment Research’s price target points to a potential upside of 15.33% from the stock’s previous close.
According to Zacks, “Equity Lifestyle Properties, Inc. is a self-directed, self-directed real estate investment trust. »
Other stock research analysts have also published research reports on the stock. StockNews.com began covering Equity LifeStyle Properties stocks in a research note on Thursday, March 31. They set a “hold” rating for the company. Royal Bank of Canada lowered its price target on Equity LifeStyle Properties shares from $85.00 to $82.00 and set an ‘industry performance’ rating for the company in a Wednesday research note January 26. Four investment analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, Equity LifeStyle Properties currently has an average rating of “Buy” and a consensus price target of $84.50.
ELS stock traded down $1.95 during Tuesday’s trading, hitting $79.77. The stock recorded trading volume of 44,081 shares, compared to an average trading volume of 882,861 shares. Equity LifeStyle Properties has a one-year low of $67.50 and a one-year high of $88.70. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt ratio of 0.43. The company’s 50-day moving average is $76.94 and its two-hundred-day moving average is $80.64. The company has a market capitalization of $14.84 billion, a price/earnings ratio of 52.48, a P/E/G ratio of 5.06 and a beta of 0.63.
Equity LifeStyle Properties (NYSE:ELS – Get Rating) last released quarterly earnings data on Monday, April 18. The real estate investment trust reported earnings per share (EPS) of $0.45 for the quarter, missing the Zacks consensus estimate of $0.70 per ($0.25). Equity LifeStyle Properties recorded a return on equity of 20.51% and a net margin of 20.97%. The company posted revenue of $360.20 million in the quarter, versus a consensus estimate of $305.59 million. During the same period a year earlier, the company posted earnings per share of $0.64. The company’s revenue for the quarter increased 18.6% year over year. As a group, research analysts predict Equity LifeStyle Properties will post earnings per share of 2.77 for the current fiscal year.
A number of institutional investors and hedge funds have recently increased or reduced their stake in ELS. Achmea Investment Management BV bought a new position in Equity LifeStyle Properties in Q3 worth $25,000. KB Financial Partners LLC bought a new position in Equity LifeStyle Properties in Q4 worth $32,000. CWM LLC bought a new position in Equity LifeStyle Properties in Q4 worth $40,000. National Bank of Canada FI bought a new position in Equity LifeStyle Properties in Q4 worth $46,000. Finally, Desjardins Global Asset Management Inc. acquired a new position in Equity LifeStyle Properties in Q4 worth $50,000. 90.17% of the shares are held by institutional investors.
About Equity LifeStyle Properties (Get an evaluation)
We are a self-administered, self-managed real estate investment trust (REIT) headquartered in Chicago. As of January 25, 2021, we owned or had an interest in 423 quality properties in 33 states and British Columbia, comprising 161,229 sites.
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