Equity Lifestyle Properties (NYSE:ELS) Upgraded to “Hold” at Odean Cap Resea

Equity Lifestyle Properties (NYSE:ELS) was upgraded by equities researchers at Odean Cap Resea to a “hold” rating in a report released on Thursday,Zacks.com reports.

ELS has been the topic of a number of other reports. Zelman & Associates started coverage on shares of Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 target price on the stock. Mizuho began coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price target for the company. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a research report on Friday, June 26th. Barclays reduced their price objective on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Finally, Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and a consensus price target of $68.92.

Equity Lifestyle Properties Stock Up 0.3%

Shares of NYSE:ELS opened at $63.55 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $12.32 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 3.85 and a beta of 0.66. The firm’s 50-day moving average is $63.22 and its two-hundred day moving average is $63.89. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The business had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. During the same period in the previous year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that Equity Lifestyle Properties will post 3.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of Equity Lifestyle Properties by 14.1% in the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 804 shares in the last quarter. Jane Street Group LLC increased its holdings in Equity Lifestyle Properties by 598.5% in the first quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after buying an additional 102,303 shares during the last quarter. Intech Investment Management LLC raised its stake in Equity Lifestyle Properties by 62.3% in the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,873 shares in the last quarter. Cetera Investment Advisers raised its stake in Equity Lifestyle Properties by 111.0% in the second quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 5,325 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Equity Lifestyle Properties in the second quarter valued at $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

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.