Equity Lifestyle Properties Inc. (ELS) Upgraded by Robert W. Baird to “Outperform”
Robert W. Baird upgraded shares of Equity Lifestyle Properties Inc. (NYSE:ELS) from a neutral rating to an outperform rating in a research note published on Monday. Robert W. Baird currently has $78.00 target price on the stock.
Several other research firms also recently weighed in on ELS. BMO Capital Markets reissued a hold rating and issued a $77.00 target price on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Evercore ISI assumed coverage on shares of Equity Lifestyle Properties in a research report on Friday, October 14th. They issued a hold rating and a $74.00 target price for the company. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Wednesday, October 19th. Finally, TheStreet downgraded shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Friday, October 7th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of C$73.79.
Shares of Equity Lifestyle Properties (NYSE:ELS) opened at 67.41 on Monday. The firm has a market cap of $5.75 billion, a P/E ratio of 35.50 and a beta of 0.41. The company has a 50-day moving average of $72.74 and a 200-day moving average of $76.01. Equity Lifestyle Properties has a 12 month low of $60.78 and a 12 month high of $83.19.
Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, October 17th. The company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company earned $226.20 million during the quarter, compared to the consensus estimate of $116.42 million. Equity Lifestyle Properties had a net margin of 21.16% and a return on equity of 20.15%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. Equities analysts forecast that Equity Lifestyle Properties will post $3.30 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Checchi Capital Advisers LLC raised its position in 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 during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Equity Lifestyle Properties during the third quarter worth about $185,000. First Midwest Bank Trust Division purchased a new position in Equity Lifestyle Properties during the second quarter worth about $200,000. Oppenheimer & Co. Inc. purchased a new position in Equity Lifestyle Properties during the second quarter worth about $202,000. Finally, New York State Teachers Retirement System raised its position in Equity Lifestyle Properties by 30.0% in the second quarter. New York State Teachers Retirement System now owns 2,600 shares of the company’s stock worth $208,000 after buying an additional 600 shares during the last quarter. 95.73% of the stock is owned by hedge funds and other institutional investors.
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.
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