Equity Lifestyle Properties (NYSE:ELS) has been given a $90.00 price target by equities research analysts at Robert W. Baird in a report released on Friday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective indicates a potential upside of 3.28% from the company’s previous close.
Several other equities research analysts also recently commented on ELS. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BMO Capital Markets restated a “hold” rating and set a $94.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, November 27th. Cantor Fitzgerald restated a “hold” rating and set a $81.00 price objective on shares of Equity Lifestyle Properties in a report on Wednesday, September 13th. Finally, Evercore ISI upgraded Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $88.83.
Equity Lifestyle Properties (ELS) traded down $0.23 during midday trading on Friday, hitting $87.14. The stock had a trading volume of 480,897 shares, compared to its average volume of 334,920. The company has a market capitalization of $7,674.30, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 4.32 and a beta of 0.30. Equity Lifestyle Properties has a 52-week low of $71.01 and a 52-week high of $91.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06.
In related news, CFO Paul Seavey sold 7,775 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.98, for a total transaction of $684,044.50. Following the completion of the sale, the chief financial officer now owns 48,502 shares in the company, valued at $4,267,205.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Howard Walker sold 1,200 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total value of $106,488.00. The disclosure for this sale can be found here. Insiders have sold 21,475 shares of company stock valued at $1,894,283 in the last quarter. 6.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. boosted its position in Equity Lifestyle Properties by 9.2% in the second 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 last quarter. Quantbot Technologies LP purchased a new position in Equity Lifestyle Properties in the third quarter worth $148,000. Pacad Investment Ltd. purchased a new position in Equity Lifestyle Properties in the second quarter worth $155,000. Gofen & Glossberg LLC IL purchased a new position in Equity Lifestyle Properties in the second quarter worth $215,000. Finally, The Manufacturers Life Insurance Company boosted its position in Equity Lifestyle Properties by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 178 shares during the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.
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.
