Equity LifeStyle Properties (NYSE:ELS) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties (NYSE:ELS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $73.00 target price on the real estate investment trust’s stock, up from their previous target price of $66.00.

ELS has been the subject of several other research reports. Compass Point increased their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Evercore ISI increased their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $74.20.

Equity LifeStyle Properties Stock Up 0.9 %

ELS stock opened at $66.42 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $12.69 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.36 and a beta of 0.79. Equity LifeStyle Properties has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The business has a 50-day moving average of $68.19 and a 200-day moving average of $69.48.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm had revenue of $387.30 million for the quarter, compared to analyst estimates of $315.78 million. During the same period last year, the company earned $0.71 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Equity LifeStyle Properties will post 2.92 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a dividend of $0.477 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.87%. Equity LifeStyle Properties’s dividend payout ratio is currently 98.45%.

Institutional Investors Weigh In On Equity LifeStyle Properties

A number of large investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. boosted its position in Equity LifeStyle Properties by 370.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock worth $166,182,000 after purchasing an additional 1,834,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Equity LifeStyle Properties by 592.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust’s stock worth $116,068,000 after buying an additional 1,391,846 shares during the period. Principal Financial Group Inc. grew its stake in Equity LifeStyle Properties by 56.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust’s stock valued at $159,232,000 after buying an additional 805,681 shares during the last quarter. Caprock Group LLC acquired a new position in Equity LifeStyle Properties in the 3rd quarter valued at about $54,866,000. Finally, Quantinno Capital Management LP raised its holdings in Equity LifeStyle Properties by 14,049.2% in the 3rd quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust’s stock valued at $50,935,000 after acquiring an additional 708,925 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company Profile

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.