Royal Bank Of Canada Reiterates “Outperform” Rating for Equity Lifestyle Properties (NYSE:ELS)

Equity Lifestyle Properties (NYSE:ELS)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Friday,Benzinga reports. They currently have a $70.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 10.88% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ELS. Wall Street Zen cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, January 24th. Robert W. Baird set a $73.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday. Truist Financial set a $66.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, January 20th. Wells Fargo & Company cut their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and a consensus target price of $69.46.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock opened at $63.13 on Friday. The stock has a market cap of $12.24 billion, a P/E ratio of 31.41, a P/E/G ratio of 3.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.05 and a current ratio of 0.04. The stock’s fifty day moving average is $61.83 and its 200 day moving average is $61.32. Equity Lifestyle Properties has a one year low of $58.15 and a one year high of $70.35.

Institutional Investors Weigh In On Equity Lifestyle Properties

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in Equity Lifestyle Properties by 12.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 178 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Equity Lifestyle Properties by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 178 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of Equity Lifestyle Properties by 1.2% in the second quarter. Moran Wealth Management LLC now owns 17,995 shares of the real estate investment trust’s stock valued at $1,110,000 after purchasing an additional 220 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Equity Lifestyle Properties by 1.6% in the third quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock valued at $864,000 after purchasing an additional 220 shares in the last quarter. Finally, M&G PLC increased its position in Equity Lifestyle Properties by 8.2% in the third quarter. M&G PLC now owns 3,293 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 249 shares during the last quarter. 97.21% of the stock is currently 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.