Equity Lifestyle Properties (NYSE:ELS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “

Several other research analysts have also commented on ELS. BidaskClub raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Robert W. Baird lowered shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, September 8th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $81.00 price target on shares of Equity Lifestyle Properties in a report on Wednesday, September 13th. BMO Capital Markets started coverage on shares of Equity Lifestyle Properties in a report on Monday, October 9th. They issued a “market perform” rating and a $92.00 price target for the company. Finally, Citigroup lifted their price target on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $89.67.

Equity Lifestyle Properties (NYSE:ELS) traded down $0.56 during midday trading on Wednesday, hitting $88.74. 607,544 shares of the stock traded hands, compared to its average volume of 374,430. Equity Lifestyle Properties has a 1-year low of $69.62 and a 1-year high of $91.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $8,055.51, a price-to-earnings ratio of 26.05, a PEG ratio of 4.93 and a beta of 0.30.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The business had revenue of $241.63 million during the quarter, compared to analyst estimates of $226.85 million. During the same period last year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. equities research analysts expect that Equity Lifestyle Properties will post 3.58 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Equity Lifestyle Properties by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock valued at $1,108,326,000 after purchasing an additional 343,326 shares during the last quarter. BlackRock Inc. lifted its position in Equity Lifestyle Properties by 3.4% in the 2nd quarter. BlackRock Inc. now owns 6,258,525 shares of the real estate investment trust’s stock valued at $540,359,000 after purchasing an additional 207,679 shares during the last quarter. Cohen & Steers Inc. lifted its position in Equity Lifestyle Properties by 17.6% in the 3rd quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock valued at $411,001,000 after purchasing an additional 724,655 shares during the last quarter. State Street Corp lifted its position in Equity Lifestyle Properties by 0.5% in the 2nd quarter. State Street Corp now owns 2,545,930 shares of the real estate investment trust’s stock valued at $219,817,000 after purchasing an additional 13,279 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Equity Lifestyle Properties by 18.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock valued at $187,683,000 after purchasing an additional 345,194 shares during the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

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About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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