Equity LifeStyle Properties (NYSE:ELS) Coverage Initiated by Analysts at Barclays

Stock analysts at Barclays started coverage on shares of Equity LifeStyle Properties (NYSE:ELS - Get Free Report) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an "equal weight" rating and a $70.00 price target on the real estate investment trust's stock. Barclays's price target would suggest a potential upside of 10.86% from the company's previous close.

Several other equities analysts also recently commented on the company. Truist Financial decreased their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets decreased their price objective on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. Finally, Royal Bank of Canada reduced their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $73.90.

Equity LifeStyle Properties Stock Performance

ELS stock traded down $0.43 during midday trading on Thursday, reaching $63.14. 339,961 shares of the company were exchanged, compared to its average volume of 1,319,698. Equity LifeStyle Properties has a one year low of $58.86 and a one year high of $76.60. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The business has a 50-day moving average price of $64.40 and a two-hundred day moving average price of $66.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The business had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same quarter in the previous year, the firm posted $0.59 EPS. Equities research analysts forecast that Equity LifeStyle Properties will post 3.07 EPS for the current year.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. raised its holdings in shares of Equity LifeStyle Properties by 2.6% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after buying an additional 200 shares in the last quarter. Xponance Inc. grew its position in Equity LifeStyle Properties by 0.7% in the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock valued at $2,077,000 after acquiring an additional 203 shares during the last quarter. Bessemer Group Inc. grew its position in Equity LifeStyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 210 shares during the last quarter. GF Fund Management CO. LTD. raised its stake in Equity LifeStyle Properties by 6.8% during the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 218 shares in the last quarter. Finally, Carmel Capital Partners LLC lifted its holdings in shares of Equity LifeStyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock worth $435,000 after acquiring an additional 230 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Company Profile

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.