Equity LifeStyle Properties (NYSE:ELS) Price Target Increased to $77.00 by Analysts at Evercore ISI

Equity LifeStyle Properties (NYSE:ELS) had its target price lifted by research analysts at Evercore ISI from $76.00 to $77.00 in a report issued on Monday, Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would suggest a potential upside of 11.10% from the stock’s previous close.

A number of other equities research analysts also recently commented on ELS. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research report on Thursday. They issued a “hold” rating and a $72.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $68.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. Finally, Truist Financial boosted their target price on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.56.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded down $0.66 on Monday, reaching $69.31. 44,589 shares of the company were exchanged, compared to its average volume of 1,197,591. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 3.60 and a beta of 0.79. The business has a 50-day moving average price of $71.30 and a 200 day moving average price of $66.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.23). The business had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $334.53 million. Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. Equities research analysts forecast that Equity LifeStyle Properties will post 2.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Marguerite M. Nader sold 33,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the sale, the chief executive officer now owns 260,936 shares of the company’s stock, valued at $19,705,886.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the sale, the chief financial officer now owns 148,463 shares in the company, valued at approximately $11,109,486.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marguerite M. Nader sold 33,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the sale, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,808 shares of company stock valued at $6,348,011 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Equity LifeStyle Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Equity LifeStyle Properties by 106.7% during the 3rd quarter. Blue Trust Inc. now owns 1,292 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 667 shares during the period. Vert Asset Management LLC increased its holdings in shares of Equity LifeStyle Properties by 0.7% in the 3rd quarter. Vert Asset Management LLC now owns 72,424 shares of the real estate investment trust’s stock valued at $5,167,000 after purchasing an additional 510 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 146 shares during the period. Aurora Investment Managers LLC. increased its holdings in shares of Equity LifeStyle Properties by 23.6% in the 3rd quarter. Aurora Investment Managers LLC. now owns 47,998 shares of the real estate investment trust’s stock valued at $3,424,000 after purchasing an additional 9,166 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Equity LifeStyle Properties by 2.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,197 shares of the real estate investment trust’s stock valued at $3,938,000 after purchasing an additional 1,363 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

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, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.