Equity Lifestyle Properties (ELS) Downgraded to Hold at Zacks Investment Research

Equity Lifestyle Properties (NYSE:ELS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “

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Several other equities research analysts have also issued reports on ELS. BMO Capital Markets reiterated a “hold” rating and issued a $95.00 price target on shares of Equity Lifestyle Properties in a research note on Tuesday, January 9th. Cantor Fitzgerald set a $85.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, January 30th. TheStreet lowered shares of Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. Finally, Robert W. Baird set a $90.00 price target on shares of Equity Lifestyle Properties and gave the company a “neutral” rating in a research note on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $88.67.

ELS opened at $88.59 on Monday. The firm has a market capitalization of $7,781.95, a P/E ratio of 24.67, a P/E/G ratio of 4.34 and a beta of 0.19. Equity Lifestyle Properties has a 12 month low of $79.54 and a 12 month high of $91.94. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.33). The company had revenue of $229.99 million during the quarter, compared to the consensus estimate of $210.71 million. Equity Lifestyle Properties had a net margin of 22.41% and a return on equity of 20.84%. equities analysts forecast that Equity Lifestyle Properties will post 3.88 EPS for the current year.

In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $85.22, for a total value of $852,200.00. Following the sale, the executive vice president now directly owns 161,489 shares in the company, valued at approximately $13,762,092.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of ELS. APG Asset Management US Inc. increased its stake in shares of Equity Lifestyle Properties by 4.5% during the 4th quarter. APG Asset Management US Inc. now owns 1,076,000 shares of the real estate investment trust’s stock worth $95,786,000 after purchasing an additional 46,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Equity Lifestyle Properties by 28.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,472,800 shares of the real estate investment trust’s stock worth $220,129,000 after purchasing an additional 542,100 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Equity Lifestyle Properties by 7.1% during the 3rd quarter. California Public Employees Retirement System now owns 195,382 shares of the real estate investment trust’s stock worth $16,623,000 after purchasing an additional 12,882 shares during the last quarter. Strs Ohio increased its stake in shares of Equity Lifestyle Properties by 3.4% during the 4th quarter. Strs Ohio now owns 105,922 shares of the real estate investment trust’s stock worth $9,429,000 after purchasing an additional 3,530 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Equity Lifestyle Properties by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 943,450 shares of the real estate investment trust’s stock worth $83,985,000 after purchasing an additional 76,121 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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About Equity Lifestyle Properties

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.

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