Equity LifeStyle Properties (NYSE:ELS – Free Report) had its price objective decreased by Evercore ISI from $74.00 to $73.00 in a research note released on Tuesday,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.
Several other equities analysts have also recently issued reports on ELS. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Robert W. Baird boosted their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Compass Point boosted their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.90.
Get Our Latest Research Report on ELS
Equity LifeStyle Properties Price Performance
Equity LifeStyle Properties (NYSE:ELS – Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. As a group, analysts predict that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at $30,000. Board of the Pension Protection Fund bought a new position in Equity LifeStyle Properties in the fourth quarter valued at about $33,000. UMB Bank n.a. lifted its holdings in Equity LifeStyle Properties by 356.4% in the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 417 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 146 shares during the period. 97.21% of the stock is owned by institutional investors.
Equity LifeStyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.
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