Equity Lifestyle Properties Stock Rating Upgraded by Zacks (ELS)
Equity Lifestyle Properties (NYSE:ELS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a $42.80 price target on the stock. Zacks‘ target price indicates a potential upside of 18.13% from the stock’s previous close.
Shares of Equity Lifestyle Properties (NYSE:ELS) traded down 0.63% on Wednesday, hitting $36.23. 355,765 shares of the company’s stock traded hands. Equity Lifestyle Properties has a 1-year low of $33.36 and a 1-year high of $42.86. The stock’s 50-day moving average is $36.00 and its 200-day moving average is $36.85. The company has a market cap of $3.019 billion and a P/E ratio of 28.24.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Tuesday, October 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.27. The company had revenue of $188.00 million for the quarter, compared to the consensus estimate of $173.38 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis.
A number of other firms have also recently commented on ELS. Analysts at Imperial Capital raised their price target on shares of Equity Lifestyle Properties from $43.00 to $45.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Analysts at Robert W. Baird initiated coverage on shares of Equity Lifestyle Properties in a research note to investors on Monday, October 21st. They set an “outperform” rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.46.
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust (REIT).
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