Robert W. Baird Issues Positive Forecast for Equity LifeStyle Properties (NYSE:ELS) Stock Price

Equity LifeStyle Properties (NYSE:ELS) had its price target increased by Robert W. Baird from $72.00 to $73.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft raised 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 note on Tuesday, January 21st. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Evercore ISI reduced their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research report on Tuesday. Finally, Compass Point raised their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.90.

Equity LifeStyle Properties Stock Down 3.8 %

Shares of Equity LifeStyle Properties stock opened at $66.72 on Tuesday. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.28 and a beta of 0.79. Equity LifeStyle Properties has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $67.89 and its 200-day simple moving average is $69.58.

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

Institutional Trading of Equity LifeStyle Properties

Several institutional investors have recently made changes to their positions in the stock. Moran Wealth Management LLC boosted its position in Equity LifeStyle Properties by 0.8% during the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock worth $1,264,000 after purchasing an additional 143 shares during the period. V Square Quantitative Management LLC lifted its stake 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 worth $44,000 after buying an additional 146 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Equity LifeStyle Properties by 0.9% during the 2nd quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock worth $1,106,000 after buying an additional 154 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Equity LifeStyle Properties by 43.5% in 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 buying an additional 171 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Equity LifeStyle Properties by 14.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 269 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

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.