Equity Lifestyle Properties (NYSE:ELS) : 5 analysts are covering Equity Lifestyle Properties (NYSE:ELS) and their average rating on the stock is 2.2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Equity Lifestyle Properties (NYSE:ELS) : Average target price received by Equity Lifestyle Properties (NYSE:ELS) is $72.5 with an expected standard deviation of $4.12. The most aggressive target on the stock is $78, whereas the most downbeat target is $68. 4 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy.
Equity Lifestyle Properties (NYSE:ELS): stock turned positive on Tuesday. Though the stock opened at $75.95, the bulls momentum made the stock top out at $78.18 level for the day. The stock recorded a low of $75.63 and closed the trading day at $78.14, in the green by 3.43%. The total traded volume for the day was 695,055. The stock had closed at $75.55 in the previous days trading.
In an insider trading activity, Maynard Roger, officer (EVP – Investments) of Equity Lifestyle Properties Inc, unloaded 15,000 shares at an average price of $71.64 on June 9, 2016. The total amount of the transaction was worth $1,074,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Equity LifeStyle Properties, Inc. (ELS) is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (Properties). The Company leases individual developed areas (Sites) with access to utilities for placement of factory built homes, cottages, cabins or recreational vehicles (RVs). The Company operates in two segments: Property Operations and Home Sales and Rental Operations. The Property Operations owns and operates land lease Properties and the Home Sales and Rental Operations purchases, sells and leases homes at the Properties. The Company has partnership with MHC Operating Limited. As of December 31, 2014, the Company owned an ownership interest in a portfolio of 384 Properties located throughout the United States and Canada containing 143,113 residential Sites.