Equity Lifestyle Properties (NYSE:ELS) PT Set at $68.00 by Truist Financial

Key Points

• Equity Lifestyle Properties' price target has been lowered by Truist Financial from $71.00 to $68.00, still maintaining a "buy" rating, implying a potential upside of 13.12% from its recent close.
• The company recently reported an EPS of $0.69, matching analyst expectations, but its revenue of $313.29 million fell short of expectations of $377.59 million.
• Equity Lifestyle Properties' average rating currently stands at "Moderate Buy" from analysts, with a consensus price target of $71.50.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) received a $68.00 price objective from stock analysts at Truist Financial in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price points to a potential upside of 12.80% from the company's previous close.

A number of other analysts have also weighed in on ELS. Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research note on Tuesday, July 22nd. Royal Bank Of Canada lowered their target price on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley initiated coverage on Equity Lifestyle Properties in a research note on Tuesday, July 15th. They issued a "positive" rating and a $67.50 target price for the company. BMO Capital Markets lowered their target price on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.50.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock traded up $0.37 during mid-day trading on Wednesday, hitting $60.29. 2,200,136 shares of the company were exchanged, compared to its average volume of 1,759,561. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $62.02 and a 200 day moving average of $64.48. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $76.60. The company has a market capitalization of $11.68 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) 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 firm had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same period in the prior year, the company posted $0.66 earnings per share. The business's revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Equity Lifestyle Properties will post 3.07 earnings per share for the current year.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the transaction, the chief financial officer owned 78,162 shares in the company, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Equity Lifestyle Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in Equity Lifestyle Properties by 4.6% during the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after buying an additional 278,193 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Equity Lifestyle Properties by 11.1% during the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after buying an additional 1,162 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Equity Lifestyle Properties by 78.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 635 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Equity Lifestyle Properties by 33.8% during the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock valued at $9,672,000 after purchasing an additional 36,655 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Equity Lifestyle Properties by 3.2% during the 1st quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock valued at $9,689,000 after purchasing an additional 4,450 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

About Equity Lifestyle Properties

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.