Equity Lifestyle Properties, Inc. (NYSE:ELS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald restated a “hold” rating and set a $81.00 target price on shares of Equity Lifestyle Properties in a report on Monday, October 16th. BidaskClub cut shares of Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. BMO Capital Markets assumed coverage on shares of Equity Lifestyle Properties in a report on Monday, October 9th. They set a “market perform” rating and a $92.00 target price for the company. Robert W. Baird cut shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 target price for the company. in a report on Friday, September 8th. Finally, Citigroup Inc. raised their target price on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $87.67.

Shares of Equity Lifestyle Properties (NYSE:ELS) traded up 0.97% during midday trading on Tuesday, hitting $87.82. The stock had a trading volume of 407,645 shares. The company has a market cap of $7.68 billion, a P/E ratio of 41.98 and a beta of 0.32. The firm has a 50 day moving average of $87.16 and a 200-day moving average of $85.58. 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 issued its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.34). The business had revenue of $241.63 million for the quarter, compared to the consensus estimate of $226.85 million. Equity Lifestyle Properties had a return on equity of 21.39% and a net margin of 22.52%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. On average, analysts forecast that Equity Lifestyle Properties will post $2.15 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Lowers Equity Lifestyle Properties, Inc. (ELS) to Hold” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/24/zacks-investment-research-lowers-equity-lifestyle-properties-inc-els-to-hold-3.html.

A number of institutional investors have recently bought and sold shares of ELS. Benjamin F. Edwards & Company acquired a new position in Equity Lifestyle Properties in the 4th quarter worth approximately $0. Advisor Group Inc. boosted its stake in Equity Lifestyle Properties by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 125 shares during the period. Checchi Capital Advisers LLC boosted its stake in Equity Lifestyle Properties by 90.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 1,799 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 856 shares during the period. Parallel Advisors LLC acquired a new position in Equity Lifestyle Properties in the 4th quarter worth approximately $147,000. Finally, Pacad Investment Ltd. acquired a new position in Equity Lifestyle Properties in the 2nd quarter worth approximately $155,000. 95.74% of the stock is owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Equity Lifestyle Properties (ELS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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.