Equity LifeStyle Properties (NYSE:ELS) Given New $73.00 Price Target at Robert W. Baird

Equity LifeStyle Properties (NYSE:ELS) had its target price lifted by analysts at Robert W. Baird from $72.00 to $73.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 7.95% from the company’s current price.

ELS has been the topic of several other reports. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Evercore ISI lowered their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Compass Point upped their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. 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 MarketBeat, Equity LifeStyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $73.90.

Equity LifeStyle Properties Stock Down 2.4 %

NYSE ELS traded down $1.70 on Tuesday, hitting $67.63. The stock had a trading volume of 811,368 shares, compared to its average volume of 1,382,165. The business’s fifty day moving average price is $67.98 and its 200 day moving average price is $69.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $76.60. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equities research analysts anticipate that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several institutional investors have recently modified their holdings of ELS. Geneos Wealth Management Inc. purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at about $33,000. UMB Bank n.a. boosted its holdings in shares of 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of 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 in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

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.