Equity LifeStyle Properties (NYSE:ELS) Price Target Cut to $77.00 by Analysts at BMO Capital Markets

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) had its target price cut by equities researchers at BMO Capital Markets from $78.00 to $77.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. BMO Capital Markets' target price would suggest a potential upside of 21.66% from the company's previous close.

Several other analysts have also issued reports on ELS. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Evercore ISI reduced their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group started 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $74.10.

Equity LifeStyle Properties Stock Down 1.8 %

Shares of NYSE ELS traded down $1.14 during mid-day trading on Tuesday, reaching $63.29. 1,207,185 shares of the company traded hands, compared to its average volume of 1,294,421. The company's fifty day moving average is $66.45 and its two-hundred day moving average is $67.62. Equity LifeStyle Properties has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The stock has a market cap of $12.10 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.26). Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The firm had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, analysts expect that Equity LifeStyle Properties will post 3.07 earnings per share for the current year.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 171 shares during the period. Beese Fulmer Investment Management Inc. grew its position in shares of Equity LifeStyle Properties by 2.6% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after buying an additional 200 shares during the period. Bessemer Group Inc. raised its stake in shares of Equity LifeStyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares during the last quarter. Carmel Capital Partners LLC lifted its holdings in Equity LifeStyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock valued at $435,000 after buying an additional 230 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock valued at $1,523,000 after acquiring an additional 230 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

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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