Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives $72.40 Consensus Price Target from Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $72.40.

Several equities research analysts have commented on the stock. Evercore ISI boosted their target price on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an "in-line" rating in a research report on Monday, October 21st. Robert W. Baird increased their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. UBS Group upgraded shares of Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They set a "hold" rating and a $72.00 target price on the stock.

Insider Activity at Equity LifeStyle Properties

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

Institutional Trading of Equity LifeStyle Properties

Several hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC grew its position in shares of Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 146 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Equity LifeStyle Properties by 0.6% in the second quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust's stock valued at $1,745,000 after purchasing an additional 152 shares during the period. Toronto Dominion Bank raised its holdings in shares of Equity LifeStyle Properties by 0.9% during the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust's stock valued at $1,106,000 after buying an additional 154 shares during the last quarter. LRI Investments LLC raised its holdings in shares of Equity LifeStyle Properties by 8.7% during the second quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 171 shares during the last quarter. Finally, Farrow Financial Inc. boosted its position in shares of Equity LifeStyle Properties by 1.0% during the second quarter. Farrow Financial Inc. now owns 22,089 shares of the real estate investment trust's stock worth $1,439,000 after buying an additional 211 shares during the period. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

NYSE:ELS traded up $1.08 during mid-day trading on Wednesday, reaching $70.08. 601,448 shares of the stock were exchanged, compared to its average volume of 1,201,315. The company has a 50 day simple moving average of $71.07 and a 200-day simple moving average of $67.03. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $13.07 billion, a P/E ratio of 38.26, a P/E/G ratio of 3.75 and a beta of 0.79. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. During the same quarter in the previous year, the business earned $0.71 EPS. Equity LifeStyle Properties's revenue for the quarter was down .4% on a year-over-year basis. Analysts anticipate that Equity LifeStyle Properties will post 2.9 earnings per share for the current fiscal year.

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.