Equity Lifestyle Properties Inc. (NYSE:ELS) has been assigned an average rating of “Hold” from the nine brokerages that are presently covering the company. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$74.38.

Several research analysts have commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday, July 28th. TheStreet lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Evercore ISI assumed coverage on shares of Equity Lifestyle Properties in a research note on Friday, October 14th. They set a “hold” rating and a $74.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th.

Equity Lifestyle Properties (NYSE:ELS) opened at 68.12 on Friday. Equity Lifestyle Properties has a 52 week low of $58.44 and a 52 week high of $83.19. The company has a 50 day moving average of $74.14 and a 200 day moving average of $76.01. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 35.87 and a beta of 0.41.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, October 17th. The company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Equity Lifestyle Properties had a net margin of 21.16% and a return on equity of 20.15%. The company had revenue of $226.20 million for the quarter, compared to analysts’ expectations of $116.42 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. Equity Lifestyle Properties’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Equity Lifestyle Properties will post $3.30 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Checchi Capital Advisers LLC raised its stake in shares of Equity Lifestyle Properties by 90.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,799 shares of the company’s stock worth $144,000 after buying an additional 856 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Equity Lifestyle Properties during the third quarter worth about $185,000. First Midwest Bank Trust Division bought a new stake in shares of Equity Lifestyle Properties during the second quarter worth about $200,000. Nuveen Fund Advisors LLC bought a new stake in shares of Equity Lifestyle Properties during the third quarter worth about $201,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Equity Lifestyle Properties during the second quarter worth about $202,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.

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