Equity LifeStyle Properties (NYSE:ELS) Raised to Outperform at BMO Capital Markets

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) was upgraded by investment analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a note issued to investors on Friday, MarketBeat.com reports. The firm currently has a $78.00 price target on the real estate investment trust's stock. BMO Capital Markets' target price points to a potential upside of 21.55% from the stock's current price.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price target for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Royal Bank of Canada reduced their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird boosted their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.20.

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Equity LifeStyle Properties Stock Performance

ELS stock traded up $2.38 during mid-day trading on Friday, reaching $64.17. 745,117 shares of the stock traded hands, compared to its average volume of 1,297,406. The business has a 50-day moving average of $66.69 and a two-hundred day moving average of $68.06. Equity LifeStyle Properties has a 52 week low of $59.08 and a 52 week high of $76.60. The firm has a market capitalization of $12.27 billion, a PE ratio of 32.91, a P/E/G ratio of 3.02 and a beta of 0.72. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. As a group, equities analysts predict that Equity LifeStyle Properties will post 3.07 EPS for the current fiscal year.

Institutional Trading of Equity LifeStyle Properties

Several large investors have recently added to or reduced their stakes in the company. National Pension Service acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $25,000. Bessemer Group Inc. boosted 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 worth $25,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 valued at $38,000 after buying an additional 171 shares during the last quarter. 97.21% of the stock is owned by 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.