Royal Bank of Canada Has Lowered Expectations for Equity LifeStyle Properties (NYSE:ELS) Stock Price

Equity LifeStyle Properties (NYSE:ELS) had its price target decreased by analysts at Royal Bank of Canada from $69.00 to $68.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 3.13% from the company’s previous close.

ELS has been the topic of a number of other reports. Compass Point lifted their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Robert W. Baird upped their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Three research 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.90.

Equity LifeStyle Properties Stock Down 1.0 %

Shares of ELS stock traded down $0.67 during trading hours on Wednesday, reaching $65.94. 387,786 shares of the stock were exchanged, compared to its average volume of 1,383,385. The firm has a market capitalization of $12.60 billion, a P/E ratio of 34.01, a P/E/G ratio of 3.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The business’s fifty day moving average is $67.89 and its two-hundred day moving average is $69.58. Equity LifeStyle Properties has a 12-month low of $59.82 and a 12-month high of $76.60.

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 analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. As a group, research analysts expect that Equity LifeStyle Properties will post 2.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Equity LifeStyle Properties

Large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth approximately $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth $33,000. UMB Bank n.a. increased its stake in shares of Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 417 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Equity LifeStyle Properties by 43.5% during the fourth 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. Finally, V Square Quantitative Management LLC lifted its holdings in Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 146 shares in the last quarter. Institutional investors 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.