Equity Lifestyle Properties (NYSE:ELS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Equity Lifestyle Properties (NYSE:ELS) from a sell rating to a hold rating in a report published on Sunday morning.

A number of other equities research analysts have also recently issued reports on ELS. Barclays restated an “overweight” rating and set a $68.00 price objective on shares of Equity Lifestyle Properties in a report on Tuesday, January 13th. UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Tuesday, January 20th. Finally, Truist Financial set a $66.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.96.

Equity Lifestyle Properties Price Performance

NYSE:ELS opened at $64.05 on Friday. The company has a market cap of $12.41 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.70 and a beta of 0.76. The firm’s fifty day moving average price is $61.85 and its two-hundred day moving average price is $61.35. Equity Lifestyle Properties has a one year low of $58.15 and a one year high of $70.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.05.

Institutional Investors Weigh In On Equity Lifestyle Properties

Several institutional investors and hedge funds have recently bought and sold shares of ELS. Vanguard Group Inc. increased its holdings in Equity Lifestyle Properties by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock valued at $1,544,190,000 after buying an additional 592,013 shares during the period. State Street Corp boosted its position in shares of Equity Lifestyle Properties by 1.8% during the 2nd quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust’s stock worth $824,943,000 after acquiring an additional 237,090 shares in the last quarter. Victory Capital Management Inc. increased its stake in Equity Lifestyle Properties by 32.5% in the third quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock valued at $414,194,000 after acquiring an additional 1,674,281 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Equity Lifestyle Properties by 114.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock valued at $326,272,000 after purchasing an additional 2,868,678 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Equity Lifestyle Properties by 12.2% during the second quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock valued at $291,363,000 after purchasing an additional 515,063 shares in the last quarter. 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.