Stock analysts at Royal Bank of Canada began coverage on shares of Equity LifeStyle Properties (NYSE:ELS) in a research report issued on Tuesday, The Fly reports. The firm set a “sector perform” rating on the real estate investment trust’s stock.
ELS has been the topic of a number of other research reports. Zacks Investment Research downgraded Equity LifeStyle Properties from a “hold” rating to a “sell” rating in a research note on Monday, March 22nd. Smith Barney Citigroup upgraded Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Robert W. Baird initiated coverage on Equity LifeStyle Properties in a research note on Tuesday, January 19th. They set an “outperform” rating and a $67.00 price target on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Finally, BMO Capital Markets lifted their target price on Equity LifeStyle Properties from $66.00 to $67.00 in a research note on Monday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $68.17.
Shares of ELS traded up $0.81 during mid-day trading on Tuesday, reaching $64.78. The company’s stock had a trading volume of 32,713 shares, compared to its average volume of 976,209. Equity LifeStyle Properties has a 12-month low of $50.24 and a 12-month high of $68.52. The stock has a market cap of $11.81 billion, a PE ratio of 53.98, a price-to-earnings-growth ratio of 4.60 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06. The company’s 50 day moving average is $62.43 and its 200 day moving average is $61.93.
Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Sunday, January 24th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.21). The firm had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $267.99 million. Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. As a group, sell-side analysts anticipate that Equity LifeStyle Properties will post 2.14 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in shares of Equity LifeStyle Properties in the 1st quarter valued at approximately $69,000. Ropes Wealth Advisors LLC acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $51,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Equity LifeStyle Properties by 9.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,269 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 203 shares during the period. C M Bidwell & Associates Ltd. lifted its holdings in shares of Equity LifeStyle Properties by 11.8% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,425 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 255 shares during the period. Finally, Scotia Capital Inc. acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $203,000. 91.49% of the stock is owned by institutional investors and hedge funds.
Equity LifeStyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (ÂREITÂ) 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.
Featured Article: Yield Curve
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]