Equity Lifestyle Properties, Inc. (NYSE:ELS) Stock Rating Reaffirmed by Cantor Fitzgerald
Equity Lifestyle Properties, Inc. (NYSE:ELS)‘s stock had its “neutral” rating reiterated by equities research analysts at Cantor Fitzgerald in a report released on Saturday. They currently have a $81.00 price target on the real estate investment trust’s stock, up from their prior price target of $75.00. Cantor Fitzgerald’s target price indicates a potential downside of 7.33% from the company’s previous close.
A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Thursday, June 1st. Evercore ISI lifted their price target on Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, April 18th. BidaskClub cut Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, TheStreet upgraded Equity Lifestyle Properties from a “c+” rating to a “b” rating in a research report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $82.00.
Shares of Equity Lifestyle Properties (NYSE ELS) traded down 0.11% during midday trading on Friday, hitting $87.41. The stock had a trading volume of 231,963 shares. Equity Lifestyle Properties has a 52 week low of $65.87 and a 52 week high of $88.16. The firm has a market cap of $7.61 billion, a P/E ratio of 43.62 and a beta of 0.31. The company’s 50 day moving average is $85.83 and its 200 day moving average is $80.07.
Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.81. The company had revenue of $221.30 million for the quarter, compared to analyst estimates of $209.80 million. Equity Lifestyle Properties had a return on equity of 20.72% and a net margin of 22.00%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. On average, equities analysts predict that Equity Lifestyle Properties will post $2.10 earnings per share for the current fiscal year.
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In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,608 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $82.11, for a total transaction of $132,032.88. Following the transaction, the insider now owns 57,265 shares in the company, valued at approximately $4,702,029.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ELS. Insight Capital Research & Management Inc. acquired a new position in Equity Lifestyle Properties during the second quarter valued at about $332,000. APG Asset Management US Inc. boosted its position in Equity Lifestyle Properties by 3.3% in the second quarter. APG Asset Management US Inc. now owns 1,029,500 shares of the real estate investment trust’s stock valued at $88,887,000 after buying an additional 32,500 shares during the last quarter. Forsta AP Fonden boosted its position in Equity Lifestyle Properties by 162.1% in the second quarter. Forsta AP Fonden now owns 22,800 shares of the real estate investment trust’s stock valued at $1,969,000 after buying an additional 14,100 shares during the last quarter. Aperio Group LLC boosted its position in Equity Lifestyle Properties by 40.7% in the second quarter. Aperio Group LLC now owns 22,410 shares of the real estate investment trust’s stock valued at $1,935,000 after buying an additional 6,488 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its position in Equity Lifestyle Properties by 21.1% in the second quarter. Spirit of America Management Corp NY now owns 20,650 shares of the real estate investment trust’s stock valued at $1,783,000 after buying an additional 3,600 shares during the last quarter. Institutional investors own 96.37% of the company’s stock.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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