Equity Lifestyle Properties (NYSE:ELS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.
A number of other research firms have also recently commented on ELS. TheStreet upgraded Equity Lifestyle Properties from a “c+” rating to a “b-” rating in a research note on Tuesday, May 1st. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Monday, April 16th. Cantor Fitzgerald set a $85.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, January 30th. Finally, BMO Capital Markets set a $95.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Equity Lifestyle Properties presently has an average rating of “Hold” and an average target price of $91.00.
Equity Lifestyle Properties opened at $86.36 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. Equity Lifestyle Properties has a one year low of $79.78 and a one year high of $91.94. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 4.75 and a beta of 0.19.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, April 23rd. The real estate investment trust reported $1.04 EPS for the quarter, meeting analysts’ consensus estimates of $1.04. Equity Lifestyle Properties had a return on equity of 20.26% and a net margin of 22.20%. The company had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $232.72 million. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. equities analysts predict that Equity Lifestyle Properties will post 3.89 earnings per share for the current year.
In other news, Chairman Samuel Zell acquired 20,000 shares of the business’s stock in a transaction dated Friday, April 27th. The shares were acquired at an average cost of $89.56 per share, with a total value of $1,791,200.00. Following the completion of the acquisition, the chairman now owns 305,427 shares of the company’s stock, valued at $27,354,042.12. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Roger Maynard sold 10,000 shares of the stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $85.22, for a total value of $852,200.00. Following the completion of the transaction, the executive vice president now directly owns 161,489 shares in the company, valued at $13,762,092.58. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in ELS. Schwab Charles Investment Management Inc. grew its holdings in Equity Lifestyle Properties by 4.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,463,382 shares of the real estate investment trust’s stock worth $130,324,000 after acquiring an additional 63,201 shares during the period. Westpac Banking Corp grew its holdings in Equity Lifestyle Properties by 13.9% during the fourth quarter. Westpac Banking Corp now owns 18,800 shares of the real estate investment trust’s stock worth $1,674,000 after acquiring an additional 2,300 shares during the period. Fox Run Management L.L.C. acquired a new stake in Equity Lifestyle Properties during the fourth quarter worth about $754,000. State of Alaska Department of Revenue grew its holdings in Equity Lifestyle Properties by 12.9% during the fourth quarter. State of Alaska Department of Revenue now owns 31,670 shares of the real estate investment trust’s stock worth $2,818,000 after acquiring an additional 3,610 shares during the period. Finally, APG Asset Management US Inc. grew its holdings in Equity Lifestyle Properties by 4.5% during the fourth 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 acquiring an additional 46,500 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.
Equity Lifestyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of January 29, 2018, we own or have an interest in 406 quality properties in 32 states and British Columbia consisting of 151,323 sites.
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