TheStreet downgraded Equity Lifestyle Properties, Inc. (NYSE:ELS) to Hold in a report released today.
- Updated: October 10, 2016
TheStreet has downgraded Equity Lifestyle Properties, Inc. (NYSE:ELS) to Hold in a report released on 10/07/2016.
Previously on 7/7/2016, Citigroup reported on Equity Lifestyle Properties, Inc. (NYSE:ELS) raised the target price from $70.00 to $80.00. At the time, this indicated a possible downside of 0.00%.
Yesterday Equity Lifestyle Properties, Inc. (NYSE:ELS) traded -0.06% lower at $71.50. The company’s 50-day moving average is $77.21 and its 200-day moving average is $75.71. The last closing price is down -5.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 216,421 shares of the stock were exchanged, down from an average trading volume of 387,348
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Equity Lifestyle Properties, Inc. has a 52 week low of $57.71 and a 52 week high of $83.19 with a P/E ratio of 38.56 The company’s market cap is currently $0.
In addition to TheStreet reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $73.17 with 2 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Equity Lifestyle Properties, Inc. (NYSE:ELS)
Equity LifeStyle Properties, Inc. is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease Properties. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. Its customers may lease individual developed areas (Sites) or enter right-to-use contracts, which provide them access to specific Properties for limited stays. Its portfolio includes approximately 390 Properties, including over 143,940 residential Sites located across the United States and Canada. It has over 80 Properties with lake, river or ocean frontage, and over 100 Properties within approximately 10 miles of the coastal United States.
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