Zacks Research Upgrades Equity Lifestyle Properties (NYSE:ELS) to “Hold”

Equity Lifestyle Properties (NYSE:ELS) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

ELS has been the subject of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Tuesday, January 20th. BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. Truist Financial upped their price target on Equity Lifestyle Properties from $66.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Finally, Bank of America raised 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 and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.27.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $68.29 on Monday. The business has a 50 day moving average of $63.36 and a 200-day moving average of $62.03. The company has a market capitalization of $13.24 billion, a P/E ratio of 33.97, a P/E/G ratio of 3.77 and a beta of 0.76. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $70.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04.

Hedge Funds Weigh In On Equity Lifestyle Properties

A number of institutional investors and hedge funds have recently modified their holdings of ELS. GoalVest Advisory LLC acquired a new stake in shares of Equity Lifestyle Properties during the 4th quarter worth approximately $25,000. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties in the third quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its stake in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC raised its holdings in shares of Equity Lifestyle Properties by 74.8% during the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Equity Lifestyle Properties during the third quarter valued at about $34,000. 97.21% of the stock is currently owned by institutional investors.

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.