BMO Capital Markets Has Lowered Expectations for Equity LifeStyle Properties (NYSE:ELS) Stock Price

Equity LifeStyle Properties (NYSE:ELS) had its target price cut by stock analysts at BMO Capital Markets from $78.00 to $77.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 22.46% from the company’s previous close.

Several other analysts have also issued reports on the stock. Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Royal Bank of Canada decreased their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Evercore ISI decreased their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and an average target price of $74.10.

Equity LifeStyle Properties Trading Down 1.3 %

Shares of Equity LifeStyle Properties stock opened at $62.88 on Tuesday. Equity LifeStyle Properties has a 52-week low of $58.86 and a 52-week high of $76.60. The stock has a market cap of $12.02 billion, a PE ratio of 32.25, a PEG ratio of 3.02 and a beta of 0.72. The firm has a 50-day moving average of $66.33 and a 200-day moving average of $67.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The business had revenue of $327.21 million during the quarter, compared to analysts’ expectations of $391.34 million. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, sell-side analysts forecast that Equity LifeStyle Properties will post 3.07 EPS for the current year.

Institutional Trading of Equity LifeStyle Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. National Pension Service bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $25,000. Bessemer Group Inc. boosted its holdings in Equity LifeStyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 210 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Equity LifeStyle Properties during the 4th quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new position in Equity LifeStyle Properties during the 4th quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.