Equity Lifestyle Properties, Inc. (NYSE:ELS) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Friday, MarketBeat Ratings reports. They presently have a $92.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential upside of 6.69% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub upgraded shares of Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $81.00 price target (up previously from $75.00) on shares of Equity Lifestyle Properties in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.75.

Shares of Equity Lifestyle Properties (NYSE ELS) traded down 4.62% during mid-day trading on Friday, hitting $86.23. The stock had a trading volume of 1,561,934 shares. Equity Lifestyle Properties has a 1-year low of $65.87 and a 1-year high of $90.80. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 42.79 and a beta of 0.32. The stock’s 50-day moving average is $87.78 and its 200 day moving average is $83.45.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The company had revenue of $221.30 million for the quarter, compared to analysts’ expectations of $209.80 million. During the same quarter in the previous year, the company earned $0.75 earnings per share. Equity Lifestyle Properties’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts predict that Equity Lifestyle Properties will post $2.14 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This news story was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/09/equity-lifestyle-properties-inc-els-lowered-to-neutral-at-robert-w-baird.html.

In related news, Chairman Samuel Zell purchased 805,333 shares of Equity Lifestyle Properties stock in a transaction that occurred on Friday, July 21st. The shares were bought at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. purchased a new stake in Equity Lifestyle Properties in the first quarter worth about $207,000. Profund Advisors LLC grew its holdings in Equity Lifestyle Properties by 0.3% in the first quarter. Profund Advisors LLC now owns 3,199 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 8 shares during the period. Wells Fargo & Company MN grew its holdings in Equity Lifestyle Properties by 1.8% in the first quarter. Wells Fargo & Company MN now owns 42,579 shares of the real estate investment trust’s stock worth $3,281,000 after purchasing an additional 756 shares during the period. Canada Pension Plan Investment Board grew its holdings in Equity Lifestyle Properties by 66.7% in the first quarter. Canada Pension Plan Investment Board now owns 10,000 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 4,000 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Equity Lifestyle Properties by 1.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,559 shares of the real estate investment trust’s stock worth $968,000 after purchasing an additional 149 shares during the period. Institutional investors own 95.67% 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.

Receive News & Ratings for Equity Lifestyle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.