Equity Lifestyle Properties’ (ELS) “Hold” Rating Reiterated at Cantor Fitzgerald
Equity Lifestyle Properties, Inc. (NYSE:ELS)‘s stock had its “hold” rating reiterated by equities researchers at Cantor Fitzgerald in a research note issued on Wednesday. They presently have a $81.00 price objective on the real estate investment trust’s stock. Cantor Fitzgerald’s target price points to a potential downside of 6.81% from the stock’s previous close.
ELS has been the subject of a number of other research reports. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Robert W. Baird cut Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $87.75.
Equity Lifestyle Properties (NYSE ELS) traded up 1.06% during trading on Wednesday, hitting $87.84. The company had a trading volume of 261,922 shares. The stock has a 50-day moving average of $87.81 and a 200-day moving average of $83.67. The stock has a market capitalization of $7.64 billion, a PE ratio of 43.59 and a beta of 0.32. Equity Lifestyle Properties has a one year low of $65.87 and a one year high of $90.80.
Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The company had revenue of $221.30 million during the quarter, compared to analysts’ expectations of $209.80 million. Equity Lifestyle Properties had a return on equity of 20.64% and a net margin of 22.00%. Equity Lifestyle Properties’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. On average, equities analysts anticipate that Equity Lifestyle Properties will post $2.14 EPS for the current year.
In other Equity Lifestyle Properties news, Chairman Samuel Zell purchased 805,333 shares of Equity Lifestyle Properties stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of ELS. Advisor Group Inc. lifted its position in Equity Lifestyle Properties by 9.2% during the second quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 125 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Equity Lifestyle Properties during the second quarter worth approximately $155,000. Parallel Advisors LLC lifted its position in Equity Lifestyle Properties by 5.7% during the first quarter. Parallel Advisors LLC now owns 2,162 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 117 shares during the last quarter. Menta Capital LLC acquired a new stake in Equity Lifestyle Properties during the first quarter worth approximately $200,000. Finally, Capstone Asset Management Co. acquired a new stake in Equity Lifestyle Properties during the first quarter worth approximately $207,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.
Equity Lifestyle Properties Company Profile
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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