Equity LifeStyle Properties (NYSE:ELS) Upgraded to Buy 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 report published on Tuesday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $73.00 price target on the real estate investment trust’s stock, up from their previous price target of $66.00.

A number of other equities analysts have also commented on ELS. Compass Point raised their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. 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 upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.20.

Equity LifeStyle Properties Price Performance

NYSE:ELS opened at $66.42 on Tuesday. Equity LifeStyle Properties has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The firm’s 50-day simple moving average is $68.19 and its 200 day simple moving average is $69.48. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 3.36 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). The business had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. As a group, sell-side analysts predict that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 98.45%.

Institutional Trading of Equity LifeStyle Properties

Large investors have recently modified their holdings of the stock. Townsquare Capital LLC boosted its stake in Equity LifeStyle Properties by 23.7% during the third quarter. Townsquare Capital LLC now owns 12,835 shares of the real estate investment trust’s stock worth $916,000 after acquiring an additional 2,458 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Equity LifeStyle Properties by 0.9% during the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock valued at $331,707,000 after purchasing an additional 39,864 shares during the period. Citigroup Inc. boosted its position in shares of Equity LifeStyle Properties by 16.7% during the 3rd quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust’s stock worth $15,210,000 after purchasing an additional 30,489 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Equity LifeStyle Properties by 6.4% in the 4th quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust’s stock valued at $1,432,000 after buying an additional 1,301 shares during the period. Finally, Sanctuary Advisors LLC increased its position in Equity LifeStyle Properties by 95.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,578 shares of the real estate investment trust’s stock valued at $2,311,000 after buying an additional 15,899 shares in the last quarter. Institutional investors and hedge funds 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.