Equity LifeStyle Properties (NYSE:ELS) Upgraded to “Outperform” at BMO Capital Markets

Equity LifeStyle Properties (NYSE:ELS) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Friday, Marketbeat reports. The brokerage currently has a $78.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price would indicate a potential upside of 14.80% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Evercore ISI dropped their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada decreased their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Robert W. Baird boosted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Equity LifeStyle Properties has a consensus rating of “Moderate Buy” and a consensus price target of $74.20.

Equity LifeStyle Properties Stock Performance

Shares of ELS opened at $67.95 on Friday. The business has a 50-day simple moving average of $67.00 and a two-hundred day simple moving average of $68.39. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties has a 52 week low of $59.82 and a 52 week high of $76.60. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, analysts expect that Equity LifeStyle Properties will post 3.07 EPS for the current year.

Institutional Investors Weigh In On Equity LifeStyle Properties

Large investors have recently modified their holdings of the business. National Pension Service acquired a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $25,000. Bessemer Group Inc. raised its holdings in shares of Equity LifeStyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 210 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.