Mizuho Begins Coverage on Equity Lifestyle Properties (NYSE:ELS)

Equities research analysts at Mizuho began coverage on shares of Equity Lifestyle Properties (NYSE:ELS) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $72.00 price target on the real estate investment trust’s stock. Mizuho’s price objective would indicate a potential upside of 13.71% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Robert W. Baird set a $73.00 target price on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Truist Financial increased their target price on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Bank of America upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Tuesday, February 3rd. Finally, Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.78.

Equity Lifestyle Properties Trading Up 1.4%

Shares of Equity Lifestyle Properties stock opened at $63.32 on Tuesday. The stock has a market capitalization of $12.28 billion, a P/E ratio of 31.50, a P/E/G ratio of 3.47 and a beta of 0.76. Equity Lifestyle Properties has a 52-week low of $58.15 and a 52-week high of $69.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.04 and a current ratio of 0.04. The stock’s 50-day simple moving average is $65.74 and its 200 day simple moving average is $63.01.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. This represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ELS. GoalVest Advisory LLC bought a new stake in Equity Lifestyle Properties during the fourth quarter valued at $25,000. Wiser Advisor Group LLC bought a new position in Equity Lifestyle Properties in the 3rd 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 acquiring an additional 453 shares during the last quarter. Clearstead Trust LLC raised its holdings in shares of Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Equity Lifestyle Properties in the 3rd quarter valued at about $34,000. 97.21% of the stock is currently owned by hedge funds and other 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.