Equity Lifestyle Properties, Inc. (NYSE:ELS) has been given an average rating of “Hold” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $89.25.
ELS has been the topic of several analyst reports. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Robert W. Baird reissued a “hold” rating and issued a $95.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, December 11th. Cantor Fitzgerald reissued a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, October 16th. BMO Capital Markets set a $94.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, Citigroup boosted their price objective on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th.
Equity Lifestyle Properties (ELS) opened at $82.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties has a 1-year low of $74.68 and a 1-year high of $91.94. The stock has a market cap of $7,303.85, a price-to-earnings ratio of 38.05, a PEG ratio of 4.09 and a beta of 0.21.
A number of institutional investors and hedge funds have recently modified their holdings of ELS. Advisor Group Inc. boosted 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 valued at $128,000 after acquiring an additional 125 shares during the last quarter. Quantbot Technologies LP bought a new stake in Equity Lifestyle Properties during the third quarter valued at $148,000. American International Group Inc. bought a new stake in Equity Lifestyle Properties during the fourth quarter valued at $172,000. Gofen & Glossberg LLC IL bought a new stake in Equity Lifestyle Properties during the second quarter valued at $215,000. Finally, The Manufacturers Life Insurance Company boosted its position in Equity Lifestyle Properties by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 178 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.