Equity Lifestyle Properties (NYSE:ELS) Coverage Initiated by Analysts at Mizuho

Investment analysts at Mizuho assumed coverage on shares of Equity Lifestyle Properties (NYSE:ELS) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $72.00 price target on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 15.12% from the company’s previous close.

ELS has been the topic of several other research reports. Zelman & Associates assumed coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They issued an “underperform” rating and a $59.25 price target on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Bank of America upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and a consensus price target of $69.78.

Equity Lifestyle Properties Stock Performance

NYSE ELS opened at $62.54 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $69.15. The business has a 50 day simple moving average of $65.74 and a two-hundred day simple moving average of $63.01. The stock has a market capitalization of $12.13 billion, a PE ratio of 31.12, a P/E/G ratio of 3.45 and a beta of 0.75.

Insider Activity

In related news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the completion of the sale, the director directly owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This trade represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Equity Lifestyle Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in Equity Lifestyle Properties during the third quarter worth $1,243,000. Fermata Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 471.9% in the 4th quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock valued at $2,057,000 after acquiring an additional 28,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Equity Lifestyle Properties by 910.4% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock worth $6,091,000 after acquiring an additional 90,454 shares in the last quarter. Argosy Lionbridge Management LLC purchased a new stake in shares of Equity Lifestyle Properties during the 3rd quarter worth $3,703,000. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 23.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 229,092 shares of the real estate investment trust’s stock worth $14,128,000 after purchasing an additional 43,089 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.