Equity LifeStyle Properties (NYSE:ELS) Upgraded by Jefferies Financial Group to Buy Rating

Equity LifeStyle Properties (NYSE:ELS) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a $80.00 target price on the real estate investment trust’s stock, up from their previous target price of $72.00. Jefferies Financial Group’s price target suggests a potential upside of 18.01% from the company’s current price.

A number of other research analysts have also commented on ELS. Compass Point upped their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Evercore ISI increased their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, October 21st. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Truist Financial increased their target price on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and a consensus price target of $73.30.

Equity LifeStyle Properties Price Performance

NYSE ELS opened at $67.79 on Thursday. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $76.60. The company has a fifty day simple moving average of $69.39 and a 200 day simple moving average of $69.30. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $12.95 billion, a P/E ratio of 34.94, a P/E/G ratio of 3.61 and a beta of 0.77.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The firm had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. On average, sell-side analysts predict that Equity LifeStyle Properties will post 2.92 EPS for the current year.

Institutional Investors Weigh In On Equity LifeStyle Properties

Large investors have recently modified their holdings of the stock. Moran Wealth Management LLC boosted its stake in Equity LifeStyle Properties by 0.8% in the 3rd quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock valued at $1,264,000 after buying an additional 143 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 146 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Equity LifeStyle Properties by 0.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,745,000 after purchasing an additional 152 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Equity LifeStyle Properties by 0.9% in the 2nd quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 154 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Equity LifeStyle Properties by 14.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 269 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.