Equities researchers at Wolfe Research assumed coverage on shares of Equity LifeStyle Properties (NYSE:ELS – Get Rating) in a research report issued on Friday, The Fly reports. The firm set a “peer perform” rating on the real estate investment trust’s stock.
A number of other analysts have also recently issued reports on the company. Truist Financial started coverage on Equity LifeStyle Properties in a research report on Tuesday, May 10th. They set a “buy” rating and a $78.00 price objective on the stock. StockNews.com started coverage on Equity LifeStyle Properties in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.20.
ELS opened at $72.44 on Friday. The stock has a market cap of $13.47 billion, a PE ratio of 47.66, a P/E/G ratio of 5.20 and a beta of 0.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.37. Equity LifeStyle Properties has a 1 year low of $67.57 and a 1 year high of $88.70. The stock’s 50 day simple moving average is $72.17 and its 200-day simple moving average is $75.99.
Equity LifeStyle Properties (NYSE:ELS – Get Rating) last released its quarterly earnings data on Monday, April 18th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.25). The firm had revenue of $360.20 million for the quarter, compared to the consensus estimate of $305.59 million. Equity LifeStyle Properties had a net margin of 20.97% and a return on equity of 19.91%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Equities analysts forecast that Equity LifeStyle Properties will post 2.76 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of ELS. First Horizon Advisors Inc. boosted its stake in Equity LifeStyle Properties by 1,134.6% in the first quarter. First Horizon Advisors Inc. now owns 321 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 295 shares in the last quarter. CWM LLC acquired a new position in Equity LifeStyle Properties in the fourth quarter worth $40,000. National Bank of Canada FI acquired a new position in Equity LifeStyle Properties in the fourth quarter worth $46,000. Desjardins Global Asset Management Inc. acquired a new position in Equity LifeStyle Properties in the fourth quarter worth $50,000. Finally, Huntington National Bank boosted its stake in Equity LifeStyle Properties by 28.6% in the fourth quarter. Huntington National Bank now owns 665 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 148 shares in the last quarter. 90.90% of the stock is currently owned by institutional investors.
Equity LifeStyle Properties Company Profile (Get Rating)
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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