Evercore ISI Cuts Equity LifeStyle Properties (NYSE:ELS) Price Target to $73.00

Equity LifeStyle Properties (NYSE:ELS) had its target price reduced by research analysts at Evercore ISI from $74.00 to $73.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential upside of 5.29% from the company’s current price.

ELS has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Tuesday, January 21st. Compass Point upped 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 report on Wednesday, October 23rd. Robert W. Baird upped their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Equity LifeStyle Properties Trading Up 3.1 %

NYSE ELS opened at $69.33 on Tuesday. The company has a market capitalization of $13.25 billion, a PE ratio of 35.74, a P/E/G ratio of 3.28 and a beta of 0.79. The company has a fifty day moving average of $67.98 and a 200 day moving average of $69.58. 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 current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) 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 analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Research analysts forecast that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties during the 4th quarter valued at about $30,000. Board of the Pension Protection Fund purchased a new stake in Equity LifeStyle Properties during the 4th quarter valued at about $33,000. UMB Bank n.a. grew its stake in 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 valued at $38,000 after acquiring an additional 417 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in 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 valued at $38,000 after acquiring an additional 171 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in 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 valued at $44,000 after acquiring an additional 146 shares in 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.