Equity Lifestyle Properties (NYSE:ELS) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other research analysts have also recently commented on ELS. Wells Fargo & Co upped their target price on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $93.17.

NYSE ELS traded up $0.70 on Monday, hitting $97.03. The stock had a trading volume of 405,300 shares, compared to its average volume of 381,760. Equity Lifestyle Properties has a one year low of $79.78 and a one year high of $97.14. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 5.21 and a beta of 0.16.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Equity Lifestyle Properties had a return on equity of 20.05% and a net margin of 22.25%. The firm had revenue of $240.50 million during the quarter, compared to the consensus estimate of $224.20 million. During the same quarter last year, the company posted $0.81 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 8.7% on a year-over-year basis. equities research analysts expect that Equity Lifestyle Properties will post 3.9 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Equity Lifestyle Properties by 3.9% in the second quarter. BlackRock Inc. now owns 6,980,001 shares of the real estate investment trust’s stock valued at $641,460,000 after acquiring an additional 261,338 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Equity Lifestyle Properties by 7.5% in the second quarter. Renaissance Technologies LLC now owns 3,063,900 shares of the real estate investment trust’s stock valued at $281,572,000 after acquiring an additional 214,500 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Equity Lifestyle Properties by 0.9% in the second quarter. Schroder Investment Management Group now owns 1,567,624 shares of the real estate investment trust’s stock valued at $143,438,000 after acquiring an additional 13,924 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Equity Lifestyle Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,245,260 shares of the real estate investment trust’s stock valued at $114,438,000 after acquiring an additional 17,788 shares in the last quarter. Finally, Resolution Capital Ltd boosted its holdings in shares of Equity Lifestyle Properties by 17.1% in the second quarter. Resolution Capital Ltd now owns 1,156,225 shares of the real estate investment trust’s stock valued at $106,257,000 after acquiring an additional 168,500 shares in the last quarter. Institutional investors and hedge funds own 95.52% 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 July 23, 2018, we own or have an interest in 410 quality properties in 32 states and British Columbia consisting of 153,549 sites.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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