Equity Lifestyle Properties (ELS) Earns “Hold” Rating from BMO Capital Markets

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.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The company had revenue of $241.63 million for the quarter, compared to analysts’ expectations of $226.85 million. During the same quarter last year, the business posted $0.83 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. equities research analysts forecast that Equity Lifestyle Properties will post 3.58 EPS for the current year.

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.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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