Equity Lifestyle Properties (ELS) Downgraded by TheStreet to C+

Equity Lifestyle Properties (NYSE:ELS) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Tuesday.

ELS has been the subject of several other research reports. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Thursday, September 21st. BMO Capital Markets restated a “hold” rating and set a $95.00 price objective on shares of Equity Lifestyle Properties in a report on Tuesday, January 9th. Evercore ISI upgraded Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a report on Monday, December 4th. Citigroup boosted their price objective on Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Robert W. Baird set a $90.00 price objective on Equity Lifestyle Properties and gave the company a “neutral” rating in a report on Friday, January 5th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.00.

Shares of Equity Lifestyle Properties (NYSE:ELS) opened at $84.60 on Tuesday. The firm has a market capitalization of $7,482.81, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 4.21 and a beta of 0.30. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. Equity Lifestyle Properties has a 1-year low of $72.19 and a 1-year high of $91.94.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.34). The firm had revenue of $241.63 million for the quarter, compared to the consensus estimate of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. equities analysts anticipate that Equity Lifestyle Properties will post 3.58 EPS for the current year.

In related news, CFO Paul Seavey sold 7,775 shares of Equity Lifestyle Properties stock in a transaction that occurred 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 transaction, the chief financial officer now owns 48,502 shares of the company’s stock, valued at $4,267,205.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Howard Walker sold 1,200 shares of Equity Lifestyle Properties stock in a transaction that occurred on Tuesday, January 2nd. The shares were 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. In the last ninety days, insiders have sold 21,475 shares of company stock worth $1,894,283. 6.10% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in ELS. Benjamin F. Edwards & Company purchased a new position in shares of Equity Lifestyle Properties during the fourth quarter valued at approximately $0. 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. Checchi Capital Advisers LLC boosted its position in Equity Lifestyle Properties by 90.8% in the second 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 last quarter. Parallel Advisors LLC purchased a new position in Equity Lifestyle Properties in the fourth quarter worth $147,000. Finally, Quantbot Technologies LP purchased a new position in Equity Lifestyle Properties in the third quarter worth $148,000. 97.86% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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