Equity LifeStyle Properties (NYSE:ELS) Price Target Raised to $72.00 at Robert W. Baird

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) had its price objective increased by equities researchers at Robert W. Baird from $71.00 to $72.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's price objective would suggest a potential upside of 4.80% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group upgraded Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Truist Financial boosted their target price on Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a "hold" rating in a research report on Tuesday, July 30th. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research report on Thursday, October 17th. They set a "hold" rating and a $72.00 target price on the stock. Wells Fargo & Company upgraded Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $68.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded up $0.68 on Tuesday, hitting $68.70. The stock had a trading volume of 1,299,432 shares, compared to its average volume of 1,206,804. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 37.54, a P/E/G ratio of 3.60 and a beta of 0.79. The company's 50 day moving average price is $71.19 and its 200 day moving average price is $66.78.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.28). The company had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The business's revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. On average, research analysts anticipate that Equity LifeStyle Properties will post 2.92 EPS for the current year.

Insider Transactions at Equity LifeStyle Properties

In other news, COO Patrick Waite sold 20,820 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the transaction, the chief operating officer now owns 221,777 shares of the company's stock, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.52, for a total value of $2,492,160.00. Following the sale, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Patrick Waite sold 20,820 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the sale, the chief operating officer now owns 221,777 shares in the company, valued at $15,575,398.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,808 shares of company stock valued at $6,348,011. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Equity LifeStyle Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust's stock worth $1,614,469,000 after buying an additional 240,853 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Equity LifeStyle Properties by 7.8% in the 2nd quarter. Victory Capital Management Inc. now owns 4,609,806 shares of the real estate investment trust's stock worth $300,237,000 after purchasing an additional 331,945 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Equity LifeStyle Properties by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,218,638 shares of the real estate investment trust's stock worth $209,630,000 after purchasing an additional 153,715 shares during the period. Boston Partners boosted its stake in Equity LifeStyle Properties by 4.2% in the 1st quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust's stock worth $183,035,000 after purchasing an additional 113,891 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Equity LifeStyle Properties by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,706,099 shares of the real estate investment trust's stock worth $176,250,000 after purchasing an additional 178,258 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.