Equity Lifestyle Properties (NYSE:ELS) Now Covered by Analysts at Zelman & Associates

Equities research analysts at Zelman & Associates initiated coverage on shares of Equity Lifestyle Properties (NYSE:ELS) in a report issued on Monday,Benzinga reports. The brokerage set an “underperform” rating and a $59.25 price target on the real estate investment trust’s stock. Zelman & Associates’ target price would suggest a potential downside of 13.08% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Thursday, January 8th. Truist Financial upped their price objective on shares of Equity Lifestyle Properties from $66.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Robert W. Baird set a $73.00 target price on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Finally, Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.63.

Equity Lifestyle Properties Stock Up 0.4%

Shares of NYSE:ELS traded up $0.28 during midday trading on Monday, hitting $68.17. The stock had a trading volume of 29,512 shares, compared to its average volume of 2,059,502. The company has a market cap of $13.22 billion, a P/E ratio of 33.92, a PEG ratio of 3.77 and a beta of 0.75. Equity Lifestyle Properties has a 12 month low of $58.15 and a 12 month high of $69.28. The business’s 50-day simple moving average is $65.06 and its 200-day simple moving average is $62.72. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On Equity Lifestyle Properties

A number of large investors have recently bought and sold shares of ELS. GoalVest Advisory LLC acquired a new stake in shares of Equity Lifestyle Properties during the 4th quarter worth approximately $25,000. Wiser Advisor Group LLC bought a new position in shares of Equity Lifestyle Properties in the 3rd quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 453 shares in the last quarter. Clearstead Trust LLC raised its holdings in shares of Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Equity Lifestyle Properties during the 3rd quarter worth $34,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.