Equity Lifestyle Properties (NYSE:ELS) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Equity Lifestyle Properties (NYSE: ELS) has received a "hold (c)" rating from Weiss Ratings, while other analysts have varied opinions with some issuing "buy" ratings and price targets ranging from $66 to $72.
• The company's recent quarterly earnings reported $0.69 EPS, meeting estimates, but it experienced a revenue decline of 0.8% year-over-year, amounting to $313.29 million.
• Equity Lifestyle Properties has a market capitalization of $12.18 billion and shows significant institutional ownership at 97.21% of the company's stock.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on ELS. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research report on Tuesday, July 22nd. Wells Fargo & Company decreased their price objective on shares of 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. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada lowered their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Stock Up 1.3%

Shares of NYSE ELS opened at $62.86 on Wednesday. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $73.67. The company has a market capitalization of $12.18 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 3.35 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The firm's 50-day moving average is $60.64 and its two-hundred day moving average is $62.41.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Equities analysts anticipate that Equity Lifestyle Properties will post 3.07 EPS for the current fiscal year.

Institutional Trading of Equity Lifestyle Properties

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Equity Lifestyle Properties by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock worth $1,677,582,000 after acquiring an additional 97,306 shares during the period. State Street Corp increased its holdings in shares of Equity Lifestyle Properties by 1.8% in the 2nd quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust's stock worth $824,943,000 after acquiring an additional 237,090 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Equity Lifestyle Properties by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after acquiring an additional 278,193 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after acquiring an additional 699,877 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Equity Lifestyle Properties by 12.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust's stock worth $291,363,000 after acquiring an additional 515,063 shares during the period. Institutional investors and hedge funds 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.

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