Jefferies Financial Group Initiates Coverage on Equity LifeStyle Properties (NYSE:ELS)

Equities researchers at Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties (NYSE:ELS) in a report issued on Tuesday,Benzinga reports. The firm set a “buy” rating and a $80.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 26.40% from the stock’s current price.

ELS has been the topic of a number of other research reports. Royal Bank of Canada dropped their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. BMO Capital Markets upgraded Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday. Robert W. Baird upped their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $63.29 on Tuesday. The firm has a market cap of $12.10 billion, a PE ratio of 32.46, a P/E/G ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $66.86 and a two-hundred day simple moving average of $68.17.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, equities analysts anticipate that Equity LifeStyle Properties will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ELS. National Pension Service bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $25,000. Bessemer Group Inc. boosted its position in shares of Equity LifeStyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 210 shares during the period. Geneos Wealth Management Inc. purchased a new position in Equity LifeStyle Properties during the 4th quarter valued at $30,000. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties in the fourth quarter worth about $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

About Equity LifeStyle Properties

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.