Robert W. Baird upgraded shares of Equity Lifestyle Properties Inc. (NYSE:ELS) from a neutral rating to an outperform rating in a report published on Monday morning. Robert W. Baird currently has $78.00 price objective on the real estate investment trust’s stock.
Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research note on Wednesday, October 19th. Evercore ISI started coverage on shares of Equity Lifestyle Properties in a research note on Friday, October 14th. They set a hold rating and a $74.00 price objective for the company. TheStreet lowered shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research note on Friday, October 7th. Finally, BMO Capital Markets reiterated a hold rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $73.79.
Equity Lifestyle Properties (NYSE:ELS) opened at 68.01 on Monday. The stock’s 50 day moving average is $71.95 and its 200 day moving average is $75.89. Equity Lifestyle Properties has a 52 week low of $61.38 and a 52 week high of $83.19. The stock has a market cap of $5.80 billion, a PE ratio of 35.81 and a beta of 0.41.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 17th. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm earned $226.20 million during the quarter, compared to analyst estimates of $116.42 million. Equity Lifestyle Properties had a net margin of 21.16% and a return on equity of 20.15%. Equity Lifestyle Properties’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. Analysts predict that Equity Lifestyle Properties will post $3.30 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its stake 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 buying an additional 856 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Equity Lifestyle Properties during the third quarter worth $185,000. First Midwest Bank Trust Division acquired a new stake in Equity Lifestyle Properties during the second quarter worth $200,000. Nuveen Fund Advisors LLC acquired a new stake in Equity Lifestyle Properties during the third quarter worth $201,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Equity Lifestyle Properties during the second quarter worth $202,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.
About Equity Lifestyle Properties