Equity Lifestyle Properties (NYSE:ELS) Coverage Initiated at Mizuho

Equities researchers at Mizuho assumed coverage on shares of Equity Lifestyle Properties (NYSE:ELS) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $72.00 price target on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 15.12% from the stock’s current price.

Several other equities analysts have also issued reports on ELS. Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Wells Fargo & Company reissued an “equal weight” rating and issued a $70.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Friday, February 27th. Truist Financial boosted their target price on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Zelman & Associates assumed coverage on Equity Lifestyle Properties in a research report on Monday, March 16th. They set an “underperform” rating and a $59.25 target price on the stock. Finally, Bank of America upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.78.

Equity Lifestyle Properties Trading Up 0.7%

NYSE ELS opened at $62.54 on Tuesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.30. The firm has a market cap of $12.13 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 3.45 and a beta of 0.75. The company has a 50 day moving average price of $65.74 and a 200 day moving average price of $63.01. Equity Lifestyle Properties has a 52 week low of $58.15 and a 52 week high of $69.15.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of Equity Lifestyle Properties stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the completion of the sale, the director owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. The trade was a 16.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ELS. Allspring Global Investments Holdings LLC purchased a new stake in Equity Lifestyle Properties in the third quarter valued at approximately $1,243,000. Fermata Advisors LLC raised its position in Equity Lifestyle Properties by 471.9% during the 4th quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock worth $2,057,000 after buying an additional 28,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Equity Lifestyle Properties by 910.4% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock valued at $6,091,000 after acquiring an additional 90,454 shares during the period. Argosy Lionbridge Management LLC purchased a new stake in shares of Equity Lifestyle Properties in the 3rd quarter valued at $3,703,000. Finally, Westwood Holdings Group Inc. increased its stake in shares of Equity Lifestyle Properties by 23.2% in the second quarter. Westwood Holdings Group Inc. now owns 229,092 shares of the real estate investment trust’s stock worth $14,128,000 after acquiring an additional 43,089 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.