Robert W. Baird Has Lowered Expectations for Equity Lifestyle Properties (NYSE:ELS) Stock Price

Key Points

• Robert W. Baird lowered its price target for Equity Lifestyle Properties from $74 to $71 while maintaining an “outperform” rating, implying about 14.7% upside from the $61.90 share price.
• Analyst sentiment is mixed: the stock has an overall “Hold” consensus rating and an average price target of $67.09, with targets from other firms ranging from $64 to $68.
• Equity Lifestyle Properties missed quarterly EPS expectations, reporting $0.45 versus the $0.79 consensus, although revenue rose 4.2% year over year to $409.9 million; institutional investors own 97.21% of the stock.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) had its price target lowered by equities research analysts at Robert W. Baird from $74.00 to $71.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's price objective would indicate a potential upside of 14.71% from the company's current price.

A number of other research analysts have also recently weighed in on ELS. Evercore set a $68.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, September 21st. Truist Financial set a $64.00 target price on shares of Equity Lifestyle Properties and gave the stock a "hold" rating in a report on Friday, September 11th. Wells Fargo & Company set a $64.00 price target on shares of Equity Lifestyle Properties and gave the company an "equal weight" rating in a research report on Monday. Weiss Ratings downgraded shares of Equity Lifestyle Properties from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 8th. Finally, Royal Bank Of Canada cut their price objective on Equity Lifestyle Properties from $71.00 to $68.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $67.09.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock opened at $61.90 on Wednesday. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 3.49 and a beta of 0.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02. The business has a 50-day moving average of $61.53 and a 200 day moving average of $63.04. Equity Lifestyle Properties has a 12 month low of $57.46 and a 12 month high of $69.00.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.34). The business had revenue of $409.90 million for the quarter, compared to analysts' expectations of $402.75 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. As a group, sell-side analysts forecast that Equity Lifestyle Properties will post 3.20 earnings per share for the current year.

Institutional Trading of Equity Lifestyle Properties

Several hedge funds have recently added to or reduced their stakes in the company. YANKCOM Partnership grew its holdings in shares of Equity Lifestyle Properties by 44.9% during the third quarter. YANKCOM Partnership now owns 549 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 170 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Equity Lifestyle Properties by 30.3% in the 1st quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 171 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Equity Lifestyle Properties by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust's stock valued at $347,000 after purchasing an additional 189 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Equity Lifestyle Properties by 126.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 232 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Equity Lifestyle Properties by 9.5% in the 1st quarter. Parallel Advisors LLC now owns 3,209 shares of the real estate investment trust's stock valued at $200,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc NYSE: ELS is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.

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