According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “
Several other brokerages also recently commented on ELS. BMO Capital Markets boosted their target price on Equity LifeStyle Properties from $66.00 to $67.00 in a research note on Monday, February 1st. Royal Bank of Canada initiated coverage on Equity LifeStyle Properties in a research note on Tuesday, March 30th. They set a “sector perform” rating and a $65.00 target price for the company. Finally, Robert W. Baird initiated coverage on Equity LifeStyle Properties in a research note on Tuesday, January 19th. They set an “outperform” rating and a $67.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Equity LifeStyle Properties currently has an average rating of “Buy” and a consensus price target of $69.00.
ELS stock traded up $0.29 during midday trading on Friday, reaching $69.40. The company had a trading volume of 1,248,745 shares, compared to its average volume of 905,167. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 57.83, a price-to-earnings-growth ratio of 4.60 and a beta of 0.46. The stock has a 50 day moving average price of $65.33 and a 200-day moving average price of $62.44. Equity LifeStyle Properties has a 1-year low of $53.52 and a 1-year high of $69.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06.
Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Sunday, April 18th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The business had revenue of $296.00 million for the quarter, compared to analyst estimates of $282.29 million. Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. As a group, research analysts anticipate that Equity LifeStyle Properties will post 2.14 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in ELS. Marshall Wace North America L.P. bought a new stake in shares of Equity LifeStyle Properties during the first quarter worth about $69,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Equity LifeStyle Properties by 445.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 35,442 shares of the real estate investment trust’s stock worth $2,173,000 after purchasing an additional 28,939 shares during the last quarter. Brinker Capital Investments LLC bought a new stake in Equity LifeStyle Properties in the third quarter valued at approximately $207,000. Sei Investments Co. boosted its holdings in Equity LifeStyle Properties by 68.2% in the third quarter. Sei Investments Co. now owns 622,474 shares of the real estate investment trust’s stock valued at $38,168,000 after acquiring an additional 252,489 shares during the last quarter. Finally, Perpetual Ltd bought a new stake in Equity LifeStyle Properties in the third quarter valued at approximately $4,570,000. Institutional investors own 91.49% of the company’s stock.
About Equity LifeStyle Properties
We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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