Equity Lifestyle Properties (NYSE:ELS) Given “Outperform” Rating at Royal Bank Of Canada

Equity Lifestyle Properties (NYSE:ELS)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a note issued to investors on Friday,Benzinga reports. They presently have a $70.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 11.77% from the company’s current price.

A number of other analysts have also commented on ELS. Deutsche Bank Aktiengesellschaft lowered Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a report on Tuesday, January 20th. Wells Fargo & Company dropped their target price on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Evercore ISI reduced their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research report on Thursday, October 23rd. Barclays reaffirmed an “overweight” rating and set a $68.00 price target on shares of Equity Lifestyle Properties in a research note on Tuesday, January 13th. Finally, Zacks Research lowered shares of Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.46.

Equity Lifestyle Properties Stock Down 0.2%

Shares of NYSE:ELS traded down $0.14 during midday trading on Friday, reaching $62.63. 302,608 shares of the company were exchanged, compared to its average volume of 1,682,889. The firm has a market cap of $12.14 billion, a PE ratio of 31.12, a P/E/G ratio of 3.62 and a beta of 0.77. Equity Lifestyle Properties has a fifty-two week low of $58.15 and a fifty-two week high of $70.35. The stock has a fifty day simple moving average of $61.83 and a two-hundred day simple moving average of $61.31. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On Equity Lifestyle Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Equity Lifestyle Properties in the third quarter valued at approximately $1,243,000. Achmea Investment Management B.V. acquired a new position in shares of Equity Lifestyle Properties during the 2nd quarter worth approximately $1,039,000. Andra AP fonden increased its holdings in shares of Equity Lifestyle Properties by 34.9% during the 2nd quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock worth $21,733,000 after acquiring an additional 91,100 shares during the last quarter. Creative Planning raised its stake in Equity Lifestyle Properties by 191.3% in the 2nd quarter. Creative Planning now owns 30,420 shares of the real estate investment trust’s stock valued at $1,876,000 after acquiring an additional 19,977 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Equity Lifestyle Properties by 910.4% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock valued at $6,091,000 after purchasing an additional 90,454 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.