Equity Lifestyle Properties (NYSE:ELS)‘s stock had its “hold” rating reissued by research analysts at Wells Fargo & Co in a research report issued on Friday, AnalystRatings.com reports.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. ValuEngine downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.63.
Shares of ELS traded down $1.12 during mid-day trading on Friday, reaching $72.08. 1,382,464 shares of the company’s stock were exchanged, compared to its average volume of 910,707. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $13.49 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 4.85 and a beta of 0.19. The business’s fifty day simple moving average is $69.87 and its 200-day simple moving average is $113.57. Equity Lifestyle Properties has a 52-week low of $46.46 and a 52-week high of $74.55.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.19). The business had revenue of $271.20 million during the quarter, compared to analysts’ expectations of $256.13 million. Equity Lifestyle Properties had a net margin of 27.47% and a return on equity of 22.11%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. Equities research analysts predict that Equity Lifestyle Properties will post 2.09 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC increased its stake in Equity Lifestyle Properties by 10.6% in the 2nd quarter. Aperio Group LLC now owns 33,466 shares of the real estate investment trust’s stock valued at $4,061,000 after buying an additional 3,210 shares during the period. Seeyond acquired a new position in shares of Equity Lifestyle Properties during the second quarter worth about $1,554,000. Redpoint Investment Management Pty Ltd raised its holdings in Equity Lifestyle Properties by 30.1% during the second quarter. Redpoint Investment Management Pty Ltd now owns 7,685 shares of the real estate investment trust’s stock worth $932,000 after purchasing an additional 1,779 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Equity Lifestyle Properties by 1.6% during the second quarter. Russell Investments Group Ltd. now owns 669,201 shares of the real estate investment trust’s stock worth $80,852,000 after purchasing an additional 10,822 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Equity Lifestyle Properties by 295.9% in the second quarter. Acadian Asset Management LLC now owns 15,203 shares of the real estate investment trust’s stock valued at $1,844,000 after purchasing an additional 11,363 shares during the period. Institutional investors and hedge funds own 46.37% of the company’s stock.
About Equity Lifestyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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