Equity Lifestyle Properties Inc. (NYSE:ELS) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday. The firm presently has a $78.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on ELS. BMO Capital Markets restated a “hold” rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Evercore ISI started coverage on Equity Lifestyle Properties in a research report on Friday, October 14th. They set a “hold” rating and a $74.00 price objective on the stock. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Finally, TheStreet downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$73.79.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

Shares of Equity Lifestyle Properties (NYSE:ELS) opened at 67.41 on Monday. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 35.50 and a beta of 0.41. The company’s 50 day moving average price is $72.74 and its 200 day moving average price is $76.01. Equity Lifestyle Properties has a 52-week low of $60.78 and a 52-week high of $83.19.

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

Several large investors have recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Equity Lifestyle Properties by 7.3% in the first quarter. Legal & General Group Plc now owns 144,884 shares of the company’s stock valued at $10,537,000 after buying an additional 9,829 shares during the last quarter. A.R.T. Advisors LLC boosted its position in shares of Equity Lifestyle Properties by 34.1% in the first quarter. A.R.T. Advisors LLC now owns 14,547 shares of the company’s stock valued at $1,058,000 after buying an additional 3,700 shares during the period. LPL Financial LLC boosted its position in shares of Equity Lifestyle Properties by 17.7% in the first quarter. LPL Financial LLC now owns 18,552 shares of the company’s stock valued at $1,329,000 after buying an additional 2,795 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Equity Lifestyle Properties by 58.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 717,800 shares of the company’s stock valued at $57,460,000 after buying an additional 264,000 shares during the period. Finally, First Quadrant L P CA purchased a new position in shares of Equity Lifestyle Properties during the second quarter valued at about $1,961,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.

Equity Lifestyle Properties Company Profile

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.

5 Day Chart for NYSE:ELS

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