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 Friday, Zacks.com reports.

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

A number of other research analysts have also recently commented on ELS. Wells Fargo & Co reissued a “hold” rating on shares of Equity Lifestyle Properties in a research note on Thursday. ValuEngine raised Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.10.

ELS opened at $69.03 on Friday. The stock has a market cap of $12.42 billion, a PE ratio of 33.35, a P/E/G ratio of 4.54 and a beta of 0.20. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.15. Equity Lifestyle Properties has a 52 week low of $46.00 and a 52 week high of $69.46. The business’s fifty day simple moving average is $130.49 and its 200 day simple moving average is $124.41.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $248.37 million for the quarter, compared to analysts’ expectations of $244.91 million. Equity Lifestyle Properties had a return on equity of 22.00% and a net margin of 27.02%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, equities analysts anticipate that Equity Lifestyle Properties will post 2.1 earnings per share for the current year.

In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the executive vice president now directly owns 130,645 shares in the company, valued at $16,330,625. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul Seavey sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $124.80, for a total transaction of $873,600.00. Following the sale, the chief financial officer now owns 71,571 shares of the company’s stock, valued at $8,932,060.80. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tuttle Tactical Management purchased a new stake in Equity Lifestyle Properties during the third quarter valued at about $745,000. Fulton Breakefield Broenniman LLC purchased a new stake in Equity Lifestyle Properties during the third quarter valued at about $398,000. Robeco Institutional Asset Management B.V. boosted its position in Equity Lifestyle Properties by 20.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 308,384 shares of the real estate investment trust’s stock valued at $41,200,000 after buying an additional 52,341 shares during the period. Nisa Investment Advisors LLC boosted its position in Equity Lifestyle Properties by 105.9% during the third quarter. Nisa Investment Advisors LLC now owns 29,166 shares of the real estate investment trust’s stock valued at $3,897,000 after buying an additional 14,998 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Equity Lifestyle Properties by 1.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,806 shares of the real estate investment trust’s stock valued at $1,176,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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