Equity LifeStyle Properties (NYSE:ELS) Price Target Cut to $65.00 by Analysts at Truist Financial

Equity LifeStyle Properties (NYSE:ELS) had its price target reduced by analysts at Truist Financial from $72.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective suggests a potential upside of 2.64% from the stock’s current price.

A number of other equities analysts have also recently commented on ELS. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Wolfe Research upgraded shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday, February 9th. Finally, Barclays lowered their target price on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Equity LifeStyle Properties has a consensus rating of “Hold” and an average target price of $68.85.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS traded up $0.17 on Thursday, reaching $63.33. The company’s stock had a trading volume of 1,451,517 shares, compared to its average volume of 1,537,669. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $74.04. The company has a market cap of $11.81 billion, a P/E ratio of 34.61, a PEG ratio of 3.72 and a beta of 0.70. The company has a 50-day simple moving average of $63.91 and a 200 day simple moving average of $66.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Equity LifeStyle Properties during the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in shares of Equity LifeStyle Properties in the 1st quarter valued at $27,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth about $35,000. Headlands Technologies LLC grew its holdings in Equity LifeStyle Properties by 143.8% in the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 368 shares during the period. Finally, Lindbrook Capital LLC grew its stake in Equity LifeStyle Properties by 40.5% in the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.