Equity Lifestyle Properties (NYSE:ELS) Given a $94.00 Price Target at BMO Capital Markets

Equity Lifestyle Properties (NYSE:ELS) received a $94.00 price target from investment analysts at BMO Capital Markets in a report issued on Monday, February 5th. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 13.86% from the company’s current price.

ELS has been the subject of a number of other research reports. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday, December 19th. Evercore ISI raised shares of Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a report on Monday, December 4th. Cantor Fitzgerald set a $85.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, January 30th. TheStreet cut shares of Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Finally, Citigroup increased their target price on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $89.50.

Equity Lifestyle Properties (NYSE ELS) opened at $82.56 on Monday. The company has a market cap of $7,303.85, a PE ratio of 38.05, a PEG ratio of 4.09 and a beta of 0.21. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. Equity Lifestyle Properties has a fifty-two week low of $74.68 and a fifty-two week high of $91.94.

In other news, insider Marguerite M. Nader sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $88.30, for a total value of $1,103,750.00. Following the completion of the transaction, the insider now owns 97,868 shares of the company’s stock, valued at $8,641,744.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Howard Walker sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total value of $106,488.00. The disclosure for this sale can be found here. Insiders sold 21,475 shares of company stock valued at $1,894,283 in the last ninety days. 6.10% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Equity Lifestyle Properties by 1.3% in the fourth quarter. BlackRock Inc. now owns 6,571,795 shares of the real estate investment trust’s stock valued at $585,020,000 after buying an additional 84,939 shares during the period. Cohen & Steers Inc. increased its position in Equity Lifestyle Properties by 17.6% during the 3rd quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock valued at $411,001,000 after purchasing an additional 724,655 shares during the period. State Street Corp increased its position in Equity Lifestyle Properties by 0.5% during the 2nd quarter. State Street Corp now owns 2,545,930 shares of the real estate investment trust’s stock valued at $219,817,000 after purchasing an additional 13,279 shares during the period. Daiwa Securities Group Inc. increased its position in Equity Lifestyle Properties by 18.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock valued at $187,683,000 after purchasing an additional 345,194 shares during the period. Finally, Janus Henderson Group PLC increased its position in Equity Lifestyle Properties by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,019,167 shares of the real estate investment trust’s stock valued at $171,789,000 after purchasing an additional 8,183 shares during the period. 96.95% of the stock is owned by institutional investors.

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Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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