Brokerages Set Equity Lifestyle Properties, Inc. (ELS) Target Price at $89.25

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have received an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $89.25.

Several equities analysts have recently commented on the company. BMO Capital Markets set a $94.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Monday, February 5th. Cantor Fitzgerald set a $85.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Tuesday, December 19th. TheStreet cut Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. Finally, Robert W. Baird set a $90.00 target price on Equity Lifestyle Properties and gave the stock a “neutral” rating in a research note on Friday, January 5th.

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 value of $684,044.50. Following the completion of the transaction, the chief financial officer now directly owns 48,502 shares in the company, valued at approximately $4,267,205.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Howard Walker sold 1,200 shares of the stock in a transaction on Tuesday, January 2nd. The shares were 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 sold a total of 21,475 shares of company stock valued at $1,894,283 over the last quarter. 6.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in Equity Lifestyle Properties by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 125 shares during the period. Wolverine Asset Management LLC bought a new position in Equity Lifestyle Properties in the 4th quarter valued at about $137,000. Quantbot Technologies LP bought a new position in Equity Lifestyle Properties in the 3rd quarter valued at about $148,000. American International Group Inc. bought a new position in Equity Lifestyle Properties in the 4th quarter valued at about $172,000. Finally, Gofen & Glossberg LLC IL bought a new position in Equity Lifestyle Properties in the 2nd quarter valued at about $215,000. Institutional investors own 96.95% of the company’s stock.

Equity Lifestyle Properties (NYSE ELS) traded up $0.30 during trading on Tuesday, hitting $85.62. The stock had a trading volume of 251,898 shares, compared to its average volume of 414,391. Equity Lifestyle Properties has a 52 week low of $75.60 and a 52 week high of $91.94. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $7,391.55, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 4.14 and a beta of 0.20.

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About Equity Lifestyle Properties

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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