Equity Lifestyle Properties (NYSE:ELS) Downgraded to “Sell” Rating by Wall Street Zen

Equity Lifestyle Properties (NYSE:ELS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other research firms have also recently issued reports on ELS. Royal Bank Of Canada upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $66.00 to $70.00 in a research report on Monday, December 8th. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Tuesday. Evercore ISI decreased their price objective on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.46.

Equity Lifestyle Properties Price Performance

NYSE:ELS opened at $64.07 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. Equity Lifestyle Properties has a 52 week low of $58.15 and a 52 week high of $70.35. The stock’s 50-day moving average price is $61.76 and its 200-day moving average price is $61.29. The stock has a market capitalization of $12.42 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.57 and a beta of 0.77.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $393.31 million during the quarter, compared to analysts’ expectations of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, equities analysts expect that Equity Lifestyle Properties will post 3.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in Equity Lifestyle Properties in the fourth quarter valued at $25,000. Wiser Advisor Group LLC acquired a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Equity Lifestyle Properties in the 3rd quarter valued at about $34,000. Finally, Bessemer Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 126.9% in the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 321 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.