Equity Lifestyle Properties, Inc. (NYSE:ELS) Given Average Recommendation of “Hold” by Brokerages

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $68.50.

ELS has been the subject of several research analyst reports. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Friday, July 24th. BMO Capital Markets reiterated a “buy” rating and issued a $72.00 target price (down previously from $76.00) on shares of Equity Lifestyle Properties in a research note on Monday, April 20th. Robert W. Baird raised Equity Lifestyle Properties from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $72.00 in a research report on Wednesday, July 22nd. Wells Fargo & Co cut their price target on Equity Lifestyle Properties from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Finally, Citigroup raised their target price on Equity Lifestyle Properties from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th.

Equity Lifestyle Properties stock opened at $68.32 on Friday. Equity Lifestyle Properties has a 52 week low of $41.97 and a 52 week high of $77.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $12.44 billion, a PE ratio of 53.80, a PEG ratio of 6.39 and a beta of 0.45. The business’s 50-day simple moving average is $63.96 and its 200-day simple moving average is $64.65.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Equity Lifestyle Properties had a return on equity of 17.93% and a net margin of 22.19%. The company had revenue of $254.09 million for the quarter, compared to the consensus estimate of $251.55 million. During the same period in the previous year, the business posted $0.96 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts forecast that Equity Lifestyle Properties will post 2.13 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Synovus Financial Corp acquired a new position in shares of Equity Lifestyle Properties in the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new position in Equity Lifestyle Properties in the 1st quarter valued at $26,000. Credit Agricole S A acquired a new position in Equity Lifestyle Properties in the first quarter worth $26,000. Marshall Wace North America L.P. bought a new stake in shares of Equity Lifestyle Properties during the first quarter worth $69,000. Finally, Private Capital Group LLC increased its stake in shares of Equity Lifestyle Properties by 44.3% in the first quarter. Private Capital Group LLC now owns 730 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 224 shares in the last quarter. Institutional investors own 91.36% 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 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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