Equity LifeStyle Properties (NYSE:ELS) PT Raised to $72.00 at Compass Point

Equity LifeStyle Properties (NYSE:ELS) had its price objective raised by equities research analysts at Compass Point from $70.00 to $72.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Compass Point’s target price would indicate a potential upside of 1.84% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Truist Financial increased their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $70.50 to $82.00 in a report on Thursday, September 19th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Equity LifeStyle Properties has an average rating of “Hold” and a consensus target price of $71.64.

Equity LifeStyle Properties Stock Up 2.9 %

Shares of ELS stock traded up $2.01 during mid-day trading on Wednesday, reaching $70.70. 719,682 shares of the company were exchanged, compared to its average volume of 1,204,292. Equity LifeStyle Properties has a fifty-two week low of $59.82 and a fifty-two 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. The company has a market capitalization of $13.19 billion, a P/E ratio of 38.63, a P/E/G ratio of 3.60 and a beta of 0.79. The business’s 50 day simple moving average is $71.19 and its 200 day simple moving average is $66.78.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The company had revenue of $387.30 million for the quarter, compared to analyst estimates of $315.78 million. Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Research analysts predict that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.

Insider Activity at Equity LifeStyle Properties

In related news, CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.52, for a total value of $2,492,160.00. Following the transaction, the chief executive officer now directly owns 260,936 shares in the company, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the completion of the transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Seavey sold 31,988 shares of the firm’s stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 85,808 shares of company stock worth $6,348,011. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Equity LifeStyle Properties

Several institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its position in Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 146 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in Equity LifeStyle Properties by 0.6% in the second quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,745,000 after buying an additional 152 shares in the last quarter. Toronto Dominion Bank lifted its stake in Equity LifeStyle Properties by 0.9% in the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock valued at $1,106,000 after buying an additional 154 shares in the last quarter. Wellington Management Group LLP lifted its stake in Equity LifeStyle Properties by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust’s stock valued at $4,224,000 after buying an additional 155 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in Equity LifeStyle Properties by 8.7% in the second quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 171 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

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.