Equity Lifestyle Properties, Inc. (ELS) Given Consensus Rating of “Hold” by Analysts

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been given an average rating of “Hold” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $89.25.

ELS has been the topic of several analyst reports. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Robert W. Baird reissued a “hold” rating and issued a $95.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, December 11th. Cantor Fitzgerald reissued a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, October 16th. BMO Capital Markets set a $94.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, Citigroup boosted their price objective on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th.

Equity Lifestyle Properties (ELS) opened at $82.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties has a 1-year low of $74.68 and a 1-year high of $91.94. The stock has a market cap of $7,303.85, a price-to-earnings ratio of 38.05, a PEG ratio of 4.09 and a beta of 0.21.

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 7,775 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.98, for a total transaction of $684,044.50. Following the sale, the chief financial officer now owns 48,502 shares of the company’s stock, valued at $4,267,205.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Howard Walker sold 1,200 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total transaction of $106,488.00. The disclosure for this sale can be found here. In the last three months, insiders sold 21,475 shares of company stock worth $1,894,283. 6.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ELS. Advisor Group Inc. boosted its position in Equity Lifestyle Properties by 9.2% during the second quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 125 shares during the last quarter. Quantbot Technologies LP bought a new stake in Equity Lifestyle Properties during the third quarter valued at $148,000. American International Group Inc. bought a new stake in Equity Lifestyle Properties during the fourth quarter valued at $172,000. Gofen & Glossberg LLC IL bought a new stake in Equity Lifestyle Properties during the second quarter valued at $215,000. Finally, The Manufacturers Life Insurance Company boosted its position in Equity Lifestyle Properties by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 178 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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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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