Equity Lifestyle Properties Stock Rating Upgraded by Wells Fargo & Co. (ELS)
Equity Lifestyle Properties (NYSE:ELS) was upgraded by equities researchers at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Equity Lifestyle Properties (NYSE:ELS) traded up 0.92% during mid-day trading on Tuesday, hitting $37.14. The stock had a trading volume of 319,907 shares. Equity Lifestyle Properties has a one year low of $33.36 and a one year high of $42.86. The stock has a 50-day moving average of $36.00 and a 200-day moving average of $36.79. The company has a market cap of $3.095 billion and a P/E ratio of 28.51.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Tuesday, October 22nd. The company reported $0.65 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.17 earnings per share. Equity Lifestyle Properties’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Equity Lifestyle Properties will post $2.09 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ELS. Analysts at Zacks upgraded shares of Equity Lifestyle Properties from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 1st. They now have a $42.80 price target on the stock. Separately, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Equity Lifestyle Properties presently has an average rating of “Buy” and a consensus price target of $41.46.
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust (REIT).
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