Equity Lifestyle Properties (ELS) Cut to C+ at TheStreet

TheStreet cut shares of Equity Lifestyle Properties (NYSE:ELS) from a b- rating to a c+ rating in a research report released on Tuesday, January 16th.

A number of other research firms also recently weighed in on ELS. Zacks Investment Research downgraded Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Wednesday, December 20th. Robert W. Baird reiterated a hold rating and set a $95.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, December 11th. Cantor Fitzgerald reiterated a hold rating and set a $81.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, October 16th. BMO Capital Markets started coverage on Equity Lifestyle Properties in a research note on Monday, October 9th. They set a market perform rating and a $92.00 price objective on the stock. Finally, Citigroup increased their price target on Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a neutral rating in a research note on Thursday, October 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Equity Lifestyle Properties has an average rating of Hold and a consensus target price of $89.50.

Equity Lifestyle Properties (ELS) opened at $82.45 on Tuesday. Equity Lifestyle Properties has a 12-month low of $74.68 and a 12-month high of $91.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $7,303.83, a P/E ratio of 38.00, a P/E/G ratio of 4.09 and a beta of 0.21.

In other news, CFO Paul Seavey sold 7,775 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.98, for a total transaction of $684,044.50. Following the sale, the chief financial officer now directly owns 48,502 shares of the company’s stock, valued at approximately $4,267,205.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Howard Walker sold 1,200 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total value of $106,488.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,475 shares of company stock worth $1,894,283 in the last quarter. Company insiders own 6.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ELS. Janus Henderson Group PLC boosted its stake in Equity Lifestyle Properties by 2,051.3% in the second quarter. Janus Henderson Group PLC now owns 2,010,984 shares of the real estate investment trust’s stock valued at $173,664,000 after buying an additional 1,917,506 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Equity Lifestyle Properties by 17.6% in the third quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock valued at $411,001,000 after buying an additional 724,655 shares in the last quarter. Capital Growth Management LP boosted its stake in Equity Lifestyle Properties by 900.0% in the third quarter. Capital Growth Management LP now owns 500,000 shares of the real estate investment trust’s stock valued at $42,540,000 after buying an additional 450,000 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Equity Lifestyle Properties by 18.6% in the third quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock valued at $187,683,000 after buying an additional 345,194 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Equity Lifestyle Properties by 2.7% in the second quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock valued at $1,108,326,000 after buying an additional 343,326 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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