Equity LifeStyle Properties (NYSE:ELS) Given New $73.00 Price Target at Robert W. Baird

Equity LifeStyle Properties (NYSE:ELS) had its price objective hoisted by Robert W. Baird from $72.00 to $73.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently issued reports on ELS. Compass Point lifted their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Evercore ISI dropped their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.90.

Equity LifeStyle Properties Stock Performance

NYSE:ELS opened at $65.12 on Tuesday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 3.28 and a beta of 0.79. The firm’s fifty day simple moving average is $67.67 and its 200 day simple moving average is $69.52. Equity LifeStyle Properties has a twelve month low of $59.82 and a twelve month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. As a group, equities research analysts expect that Equity LifeStyle Properties will post 2.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties in the 4th quarter worth about $30,000. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties in the 4th quarter worth about $33,000. UMB Bank n.a. lifted its position in shares of Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 417 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 171 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position 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 worth $44,000 after buying an additional 146 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.