Equity Lifestyle Properties (NYSE:ELS) Stock Price Expected to Rise, Truist Financial Analyst Says

Equity Lifestyle Properties (NYSE:ELS) had its price objective raised by research analysts at Truist Financial from $66.00 to $69.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 2.74% from the stock’s previous close.

Several other analysts have also recently commented on ELS. Deutsche Bank Aktiengesellschaft cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating and issued a $71.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Thursday, February 5th. UBS Group set a $67.00 price objective on Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $67.16 on Wednesday. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $70.35. 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 company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 3.72 and a beta of 0.76. The stock’s fifty day simple moving average is $63.01 and its 200-day simple moving average is $61.88.

Institutional Trading of Equity Lifestyle Properties

Several large investors have recently modified their holdings of the company. Wiser Advisor Group LLC bought a new position in Equity Lifestyle Properties in the 3rd quarter worth $25,000. GoalVest Advisory LLC bought a new position in shares of Equity Lifestyle Properties in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Equity Lifestyle Properties by 943.8% during 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 purchasing an additional 453 shares during the last quarter. Clearstead Trust LLC boosted its stake in Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new stake in Equity Lifestyle Properties in the 3rd quarter valued at approximately $34,000. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Company Profile

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.