Equity LifeStyle Properties (NYSE:ELS) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Equity LifeStyle Properties (NYSE:ELS) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Tuesday,Briefing.com Automated Import reports. The firm currently has a $73.00 price target on the real estate investment trust’s stock, up from their previous price target of $66.00. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 9.75% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. Compass Point raised their price objective on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Evercore ISI raised their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.20.

Equity LifeStyle Properties Trading Up 0.5 %

Shares of NYSE:ELS opened at $66.52 on Tuesday. The company has a 50 day moving average price of $68.42 and a 200 day moving average price of $69.48. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.31 and a beta of 0.79. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm had revenue of $387.30 million for the quarter, compared to analyst estimates of $315.78 million. During the same period in the previous year, the business posted $0.71 EPS. Equity LifeStyle Properties’s revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts anticipate that Equity LifeStyle Properties will post 2.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ELS. JPMorgan Chase & Co. increased its position in Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after buying an additional 147,332 shares during the period. Victory Capital Management Inc. increased its stake in shares of Equity LifeStyle Properties by 0.9% in the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock valued at $331,707,000 after buying an additional 39,864 shares during the period. Geode Capital Management LLC raised its stake in shares of Equity LifeStyle Properties by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust’s stock valued at $273,014,000 after acquiring an additional 65,191 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Equity LifeStyle Properties by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust’s stock worth $174,155,000 after buying an additional 87,609 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Equity LifeStyle Properties by 370.6% in the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock valued at $166,182,000 after acquiring an additional 1,834,491 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Equity LifeStyle Properties

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.