Equity Lifestyle Properties (NYSE:ELS) Rating Increased to Buy at Compass Point

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) was upgraded by stock analysts at Compass Point from a "neutral" rating to a "buy" rating in a research report issued on Tuesday,Benzinga reports. The firm presently has a $72.00 price target on the real estate investment trust's stock. Compass Point's target price would indicate a potential upside of 17.00% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. Truist Financial dropped 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 research note on Thursday, May 1st. BMO Capital Markets lowered their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price target on the stock. Barclays began coverage on shares of Equity Lifestyle Properties in a research report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price objective for the company. Finally, Jefferies Financial Group began coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and a consensus price target of $73.32.

Equity Lifestyle Properties Trading Down 0.3%

Shares of NYSE ELS traded down $0.18 during midday trading on Tuesday, hitting $61.54. 3,044,190 shares of the company traded hands, compared to its average volume of 1,348,302. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.03 and a current ratio of 0.03. Equity Lifestyle Properties has a 12-month low of $58.86 and a 12-month high of $76.60. The stock has a 50-day moving average price of $62.77 and a 200 day moving average price of $64.85. The firm has a market cap of $11.77 billion, a P/E ratio of 31.89, a P/E/G ratio of 3.34 and a beta of 0.72.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results 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 business had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, analysts expect that Equity Lifestyle Properties will post 3.07 earnings per share for the current year.

Insider Buying and Selling

In other Equity Lifestyle Properties 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 completion of the transaction, the chief financial officer owned 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Equity Lifestyle Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanderbilt University boosted its position in Equity Lifestyle Properties by 214.2% during the second quarter. Vanderbilt University now owns 41,619 shares of the real estate investment trust's stock worth $2,567,000 after acquiring an additional 28,371 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of Equity Lifestyle Properties by 14.1% in the second quarter. Copeland Capital Management LLC now owns 16,135 shares of the real estate investment trust's stock worth $995,000 after acquiring an additional 1,992 shares during the last quarter. J. Safra Sarasin Holding AG increased its position in Equity Lifestyle Properties by 152.6% during the second quarter. J. Safra Sarasin Holding AG now owns 36,614 shares of the real estate investment trust's stock worth $2,258,000 after purchasing an additional 22,120 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Equity Lifestyle Properties by 4.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 191,055 shares of the real estate investment trust's stock valued at $11,782,000 after acquiring an additional 8,903 shares during the last quarter. Finally, Truist Financial Corp increased its stake in Equity Lifestyle Properties by 8.5% during the second quarter. Truist Financial Corp now owns 24,783 shares of the real estate investment trust's stock worth $1,528,000 after acquiring an additional 1,943 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

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.

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