Equity LifeStyle Properties (NYSE:ELS) Raised to Buy at Truist Financial

Equity LifeStyle Properties (NYSE:ELS) was upgraded by analysts at Truist Financial from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat.com reports.

Other research analysts also recently issued research reports about the stock. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Evercore ISI boosted their target price on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Compass Point boosted their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird boosted their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.30.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $66.52 on Friday. Equity LifeStyle Properties has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $68.54 and its 200 day simple moving average is $69.42. The firm has a market capitalization of $12.71 billion, a PE ratio of 34.29, a P/E/G ratio of 3.21 and a beta of 0.79.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth about $33,000. UMB Bank n.a. grew its holdings in shares of Equity LifeStyle Properties by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 417 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Equity LifeStyle Properties by 31.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 146 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Equity LifeStyle Properties during the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

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.