Equity Lifestyle Properties (NYSE:ELS) Cut to Sell at Wall Street Zen

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

A number of other equities research analysts have also issued reports on ELS. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of Equity Lifestyle Properties in a report on Friday, January 30th. 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. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $70.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a report on Friday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.42.

Equity Lifestyle Properties Stock Performance

Shares of NYSE:ELS opened at $67.25 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $70.35. The firm has a market capitalization of $13.04 billion, a PE ratio of 33.46, a P/E/G ratio of 3.76 and a beta of 0.76. The business’s 50 day moving average price is $63.71 and its 200-day moving average price is $62.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Equity Lifestyle Properties by 303.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after buying an additional 11,999,874 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Equity Lifestyle Properties by 114.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock worth $326,272,000 after purchasing an additional 2,868,678 shares in the last quarter. Norges Bank purchased a new stake in Equity Lifestyle Properties during the 2nd quarter worth about $164,862,000. Daiwa Securities Group Inc. raised its position in Equity Lifestyle Properties by 253.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after purchasing an additional 2,257,299 shares in the last quarter. Finally, Cohen & Steers Inc. raised its position in Equity Lifestyle Properties by 26.8% in the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock valued at $643,331,000 after purchasing an additional 2,246,622 shares in 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.