Equity Lifestyle Properties, Inc. (NYSE:ELS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $98.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.64% from the company’s previous close.

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

ELS has been the topic of several other reports. BidaskClub upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Robert W. Baird lowered shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research report on Friday, September 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Equity Lifestyle Properties presently has an average rating of “Hold” and an average price target of $87.00.

Equity Lifestyle Properties (ELS) traded down 0.80% during trading on Thursday, hitting $87.08. 399,635 shares of the stock traded hands. The stock has a market cap of $7.58 billion, a P/E ratio of 43.22 and a beta of 0.32. Equity Lifestyle Properties has a 52-week low of $65.87 and a 52-week high of $90.80. The company’s 50 day moving average price is $87.91 and its 200-day moving average price is $83.96.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.81. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The business had revenue of $221.30 million for the quarter, compared to analysts’ expectations of $209.80 million. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts forecast that Equity Lifestyle Properties will post $2.14 earnings per share for the current fiscal year.

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In other Equity Lifestyle Properties news, Chairman Samuel Zell acquired 805,333 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average cost of $87.43 per share, for a total transaction of $70,410,264.19. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.10% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its holdings in Equity Lifestyle Properties by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 221,777 shares of the real estate investment trust’s stock valued at $19,148,000 after purchasing an additional 27,582 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Equity Lifestyle Properties by 3.2% in the 1st quarter. Macquarie Group Ltd. now owns 356,050 shares of the real estate investment trust’s stock valued at $27,437,000 after purchasing an additional 10,912 shares in the last quarter. UBS Group AG lifted its holdings in Equity Lifestyle Properties by 40.9% in the 1st quarter. UBS Group AG now owns 12,485 shares of the real estate investment trust’s stock valued at $962,000 after purchasing an additional 3,625 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Equity Lifestyle Properties by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 12,493,430 shares of the real estate investment trust’s stock valued at $962,743,000 after purchasing an additional 312,465 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Equity Lifestyle Properties by 4,674.0% in the 1st quarter. BlackRock Inc. now owns 6,050,846 shares of the real estate investment trust’s stock valued at $466,277,000 after purchasing an additional 5,924,100 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

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.

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