Truist Financial Lowers Equity LifeStyle Properties (NYSE:ELS) Price Target to $65.00

Equity LifeStyle Properties (NYSE:ELS) had its price target dropped by equities research analysts at Truist Financial from $72.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 4.99% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft started coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Barclays dropped their price target on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Friday, February 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.85.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS traded up $0.96 during trading on Thursday, reaching $61.91. 112,184 shares of the company’s stock traded hands, compared to its average volume of 1,248,956. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. The company has a 50-day simple moving average of $64.05 and a 200-day simple moving average of $66.99. The firm has a market cap of $11.55 billion, a PE ratio of 33.83, a P/E/G ratio of 3.55 and a beta of 0.70. Equity LifeStyle Properties has a fifty-two week low of $59.82 and a fifty-two week high of $74.04.

Institutional Investors Weigh In On Equity LifeStyle Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of Equity LifeStyle Properties during the first quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in Equity LifeStyle Properties during the 1st quarter worth about $27,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Equity LifeStyle Properties during the 4th quarter worth about $35,000. Headlands Technologies LLC lifted its stake in Equity LifeStyle Properties by 143.8% during the 4th quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 368 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in Equity LifeStyle Properties by 40.5% in the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 97.21% 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 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.