Equity Lifestyle Properties (NYSE:ELS) Stock Rating Upgraded by Compass Point

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) was upgraded by investment analysts at Compass Point from a "neutral" rating to a "buy" rating in a report issued on Tuesday, July 22nd, MarketBeat Ratings reports. The brokerage presently has a $72.00 target price on the real estate investment trust's stock. Compass Point's price objective suggests a potential upside of 21.38% from the company's current price.

A number of other equities research analysts have also issued reports on ELS. Barclays initiated coverage on Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 target price for the company. Truist Financial cut their price target on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Morgan Stanley began coverage on shares of Equity Lifestyle Properties in a report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective for the company. Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, BMO Capital Markets lowered their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.77.

Equity Lifestyle Properties Trading Up 1.5%

Shares of NYSE:ELS traded up $0.89 during trading on Tuesday, reaching $59.32. 595,784 shares of the stock were exchanged, compared to its average volume of 1,482,628. The firm's 50-day moving average price is $62.36 and its 200 day moving average price is $64.62. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. Equity Lifestyle Properties has a 12-month low of $58.31 and a 12-month high of $76.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.03 and a current ratio of 0.04.

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. The company had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, sell-side analysts anticipate that Equity Lifestyle Properties will post 3.07 earnings per share for the current fiscal 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 completion of the sale, the chief financial officer directly owned 78,162 shares in the company, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Equity Lifestyle Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. grew its stake 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 purchasing an additional 210 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of 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 valued at $29,000 after buying an additional 384 shares during the last quarter. National Pension Service grew its stake in shares of Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 276 shares in the last quarter. IFP Advisors Inc increased its holdings in Equity Lifestyle Properties by 874.7% in the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock worth $52,000 after buying an additional 761 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in Equity Lifestyle Properties during the first quarter valued at approximately $61,000. 97.21% of the stock is currently owned by hedge funds and other 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.