Equity Lifestyle Properties (NYSE:ELS) Given New $66.00 Price Target at Royal Bank Of Canada

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) had its price target cut by analysts at Royal Bank Of Canada from $67.00 to $66.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's target price would indicate a potential upside of 10.81% from the company's current price.

Several other brokerages have also issued reports on ELS. BMO Capital Markets lowered their price target on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Barclays assumed coverage on Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price objective on the stock. Truist Financial lowered their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group began coverage on Equity Lifestyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Finally, Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $72.05.

Equity Lifestyle Properties Stock Down 0.6%

Shares of NYSE:ELS traded down $0.35 on Wednesday, reaching $59.56. The company had a trading volume of 1,382,290 shares, compared to its average volume of 1,557,172. Equity Lifestyle Properties has a twelve month low of $58.86 and a twelve month high of $76.60. The stock has a 50-day moving average price of $62.50 and a 200 day moving average price of $64.68. The stock has a market capitalization of $11.39 billion, a P/E ratio of 30.86, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%. The business had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the previous year, the firm earned $0.66 EPS. The firm's revenue was down .8% compared to the same quarter last year. On average, equities analysts expect that Equity Lifestyle Properties will post 3.07 EPS for the current year.

Insider Buying and Selling at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer owned 78,162 shares of the company's stock, valued at $5,058,644.64. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Equity Lifestyle Properties

A number of large investors have recently made changes to their positions in ELS. Bessemer Group Inc. increased its holdings in Equity Lifestyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 210 shares in the last quarter. Brooklyn Investment Group increased its holdings in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 384 shares in the last quarter. National Pension Service increased its holdings in Equity Lifestyle Properties by 75.0% during the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 276 shares in the last quarter. IFP Advisors Inc increased its holdings in Equity Lifestyle Properties by 874.7% during the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 761 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Equity Lifestyle Properties during the 1st quarter worth about $61,000. Institutional investors own 97.21% of the company's stock.

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.