Equity Lifestyle Properties (NYSE:ELS) Stock Rating Upgraded by Odean Cap Resea

Equity Lifestyle Properties (NYSE:ELS) was upgraded by research analysts at Odean Cap Resea to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently issued reports on ELS. Truist Financial set a $67.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Barclays decreased their price target on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Robert W. Baird boosted their target price on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Zelman & Associates started coverage on Equity Lifestyle Properties in a research note on Monday, March 16th. They issued an “underperform” rating and a $59.25 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and a consensus price target of $68.92.

Equity Lifestyle Properties Price Performance

NYSE ELS traded up $0.20 during trading hours on Thursday, hitting $63.55. The company had a trading volume of 1,201,438 shares, compared to its average volume of 1,342,463. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.85 and a beta of 0.66. Equity Lifestyle Properties has a 52 week low of $58.15 and a 52 week high of $69.00. The firm has a 50 day simple moving average of $63.22 and a 200 day simple moving average of $63.89.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that Equity Lifestyle Properties will post 3.18 earnings per share for the current year.

Institutional Trading of Equity Lifestyle Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fermata Advisors LLC lifted its stake in Equity Lifestyle Properties by 471.9% in the fourth quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 28,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Equity Lifestyle Properties by 11.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock valued at $20,206,000 after buying an additional 34,946 shares during the last quarter. Argosy Lionbridge Management LLC purchased a new position in shares of Equity Lifestyle Properties in the third quarter worth about $3,703,000. Thrivent Financial for Lutherans lifted its stake in shares of Equity Lifestyle Properties by 1,104.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust’s stock valued at $40,794,000 after acquiring an additional 617,202 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of Equity Lifestyle Properties by 232.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 56,617 shares of the real estate investment trust’s stock valued at $3,437,000 after acquiring an additional 39,580 shares during 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 (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.