Equity LifeStyle Properties (NYSE:ELS) Price Target Increased to $72.00 by Analysts at Robert W. Baird

Equity LifeStyle Properties (NYSE:ELS) had its price objective increased by equities researchers at Robert W. Baird from $71.00 to $72.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential upside of 5.82% from the company’s previous close.

Several other research analysts have also issued reports on ELS. Evercore ISI raised their price target on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They set a “hold” rating and a $72.00 target price on the stock. Truist Financial lifted their target price on Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company upgraded Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.50 to $82.00 in a report on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and an average price target of $71.60.

Equity LifeStyle Properties Stock Down 2.8 %

NYSE ELS opened at $68.04 on Tuesday. The stock has a fifty day moving average of $71.24 and a 200-day moving average of $66.74. The stock has a market capitalization of $12.69 billion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79. Equity LifeStyle Properties has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The company had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Equity LifeStyle Properties will post 2.92 EPS for the current year.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the transaction, the chief financial officer now owns 148,463 shares of the company’s stock, valued at $11,109,486.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the transaction, the chief financial officer now owns 148,463 shares of the company’s stock, valued at $11,109,486.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Patrick Waite sold 20,820 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the transaction, the chief operating officer now directly owns 221,777 shares in the company, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,808 shares of company stock valued at $6,348,011. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Equity LifeStyle Properties

A number of large investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Equity LifeStyle Properties by 2,068.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,171 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,117 shares during the period. Blue Trust Inc. increased its stake in shares of Equity LifeStyle Properties by 106.7% during the third quarter. Blue Trust Inc. now owns 1,292 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 667 shares during the period. Vert Asset Management LLC increased its stake in shares of Equity LifeStyle Properties by 0.7% during the third quarter. Vert Asset Management LLC now owns 72,424 shares of the real estate investment trust’s stock worth $5,167,000 after purchasing an additional 510 shares during the period. V Square Quantitative Management LLC increased its stake in shares of 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 purchasing an additional 146 shares during the period. Finally, Aurora Investment Managers LLC. increased its stake in shares of Equity LifeStyle Properties by 23.6% during the third quarter. Aurora Investment Managers LLC. now owns 47,998 shares of the real estate investment trust’s stock worth $3,424,000 after purchasing an additional 9,166 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.