Equity Lifestyle Properties (NYSE:ELS) Upgraded to Hold at Wall Street Zen

Equity Lifestyle Properties (NYSE:ELS) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other brokerages also recently issued reports on ELS. Evercore ISI decreased their price objective on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Thursday, January 22nd. Wells Fargo & Company lowered their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. Finally, UBS Group set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and a consensus price target of $69.46.

Equity Lifestyle Properties Stock Up 0.6%

Shares of NYSE ELS opened at $63.13 on Friday. The firm’s 50-day moving average price is $61.83 and its 200-day moving average price is $61.32. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 3.67 and a beta of 0.77. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $70.35.

Institutional Trading of Equity Lifestyle Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of ELS. Wiser Advisor Group LLC bought a new stake in shares of Equity Lifestyle Properties during the third quarter worth $25,000. GoalVest Advisory LLC purchased a new position in Equity Lifestyle Properties in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its stake in Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 453 shares during the period. Fulcrum Asset Management LLP bought a new stake in Equity Lifestyle Properties during the 3rd quarter valued at about $34,000. Finally, Bessemer Group Inc. boosted its position in Equity Lifestyle Properties by 126.9% in the 3rd quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.