Equity Lifestyle Properties (NYSE:ELS)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a report released on Tuesday. They currently have a $95.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target would indicate a potential upside of 9.35% from the stock’s current price.
Several other research firms have also commented on ELS. Cantor Fitzgerald reaffirmed a “hold” rating and set a $81.00 target price on shares of Equity Lifestyle Properties in a report on Wednesday, September 13th. Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Robert W. Baird reaffirmed a “hold” rating and set a $95.00 target price on shares of Equity Lifestyle Properties in a report on Monday, December 11th. Citigroup increased their target price on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Evercore ISI raised shares of Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Equity Lifestyle Properties currently has a consensus rating of “Hold” and a consensus target price of $89.00.
Equity Lifestyle Properties (ELS) traded down $0.49 during trading on Tuesday, hitting $86.88. 231,696 shares of the stock traded hands, compared to its average volume of 369,150. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market cap of $7,640.00, a PE ratio of 41.57, a P/E/G ratio of 4.31 and a beta of 0.30. Equity Lifestyle Properties has a 12-month low of $71.01 and a 12-month high of $91.94.
In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,200 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total value of $106,488.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Paul Seavey sold 7,775 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.98, for a total transaction of $684,044.50. Following the completion of the sale, the chief financial officer now directly owns 48,502 shares in the company, valued at approximately $4,267,205.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,475 shares of company stock worth $1,894,283. 6.10% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in ELS. Advisor Group Inc. grew its holdings in Equity Lifestyle Properties by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 125 shares during the last quarter. Quantbot Technologies LP bought a new stake in Equity Lifestyle Properties in the 3rd quarter worth $148,000. Pacad Investment Ltd. bought a new stake in Equity Lifestyle Properties in the 2nd quarter worth $155,000. Gofen & Glossberg LLC IL bought a new stake in Equity Lifestyle Properties in the 2nd quarter worth $215,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Equity Lifestyle Properties by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 178 shares during the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.
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About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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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