Equity Lifestyle Properties (NYSE:ELS) Upgraded at Wall Street Zen

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

Other equities research analysts have also issued reports about the stock. Evercore ISI reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a report on Thursday, October 23rd. UBS Group set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday, January 8th. Robert W. Baird set a $73.00 price objective on shares of Equity Lifestyle Properties in a research note on Friday. Truist Financial set a $66.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, January 20th. Finally, Zacks Research lowered Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and a consensus target price of $69.46.

Equity Lifestyle Properties Trading Up 0.6%

Shares of ELS stock opened at $63.13 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.05. The business has a 50-day moving average of $61.83 and a 200 day moving average of $61.32. The stock has a market capitalization of $12.24 billion, a PE ratio of 31.41, a P/E/G ratio of 3.67 and a beta of 0.77. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $70.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wiser Advisor Group LLC purchased a new stake in shares of Equity Lifestyle Properties in the third quarter worth about $25,000. GoalVest Advisory LLC purchased a new position in Equity Lifestyle Properties during the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in 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 worth $30,000 after acquiring an additional 453 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Equity Lifestyle Properties during the 3rd quarter worth approximately $34,000. Finally, Bessemer Group Inc. boosted its position in shares of Equity Lifestyle Properties by 126.9% during the 3rd quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 321 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

About Equity Lifestyle Properties

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.