Equity LifeStyle Properties (NYSE:ELS) Upgraded by Deutsche Bank Aktiengesellschaft to Buy Rating

Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties (NYSE:ELS) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $73.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $66.00.

A number of other equities analysts also recently commented on the company. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Compass Point lifted their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group upgraded 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. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Equity LifeStyle Properties currently has an average rating of “Moderate Buy” and an average price target of $74.20.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock opened at $67.41 on Tuesday. Equity LifeStyle Properties has a one year low of $59.82 and a one year high of $76.60. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 3.31 and a beta of 0.79. 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 business’s 50 day moving average price is $68.32 and its 200 day moving average price is $69.51.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS 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 company had revenue of $387.30 million for the quarter, compared to analysts’ expectations of $315.78 million. During the same quarter in the previous year, the business posted $0.71 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Equity LifeStyle Properties will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.477 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.83%. Equity LifeStyle Properties’s dividend payout ratio is presently 98.45%.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several institutional investors and hedge funds have recently modified their holdings of ELS. Daiwa Securities Group Inc. raised its holdings in shares of Equity LifeStyle Properties by 370.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock valued at $166,182,000 after buying an additional 1,834,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equity LifeStyle Properties by 592.0% in 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 valued at $116,068,000 after buying an additional 1,391,846 shares during the period. Principal Financial Group Inc. raised its holdings in shares of 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 period. Caprock Group LLC purchased a new stake in shares of Equity LifeStyle Properties in the 3rd quarter valued at $54,866,000. Finally, Quantinno Capital Management LP raised its holdings in shares of 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 buying an additional 708,925 shares during the period. Hedge funds and other 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.