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Fairness LifeStyle Properties (NYSE:ELS) Downgraded by BMO Capital Markets to “Market Carry out”

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Fairness LifeStyle Properties (NYSE:ELS) was downgraded by inventory analysts at BMO Capital Markets from an “outperform” ranking to a “market carry out” ranking in a analysis report issued on Monday, AR Community reviews. They presently have a $66.00 value goal on the actual property funding belief’s inventory. BMO Capital Markets’ value goal factors to a possible upside of 8.09% from the inventory’s present value.

Quite a lot of different equities analysts have additionally not too long ago weighed in on ELS. Zacks Funding Analysis reduce Fairness LifeStyle Properties from a “purchase” ranking to a “maintain” ranking in a report on Friday, November sixth. Berenberg Financial institution began protection on Fairness LifeStyle Properties in a report on Thursday, October 1st. They set a “purchase” ranking and a $73.00 goal value for the corporate. BidaskClub upgraded Fairness LifeStyle Properties from a “sturdy promote” ranking to a “promote” ranking in a report on Wednesday, December 16th. Citigroup Inc. 3% Minimal Coupon Principal Protected Based mostly Upon Russell upgraded Fairness LifeStyle Properties from a “impartial” ranking to a “purchase” ranking in a report on Tuesday, December 15th. Lastly, Smith Barney Citigroup upgraded Fairness LifeStyle Properties from a “impartial” ranking to a “purchase” ranking in a report on Tuesday, December 15th. One analysis analyst has rated the inventory with a promote ranking, 4 have given a maintain ranking and 5 have assigned a purchase ranking to the inventory. The inventory at present has a consensus ranking of “Maintain” and a median value goal of $68.33.

Shares of ELS opened at $61.06 on Monday. The corporate has a market capitalization of $11.13 billion, a PE ratio of 50.88, a price-to-earnings-growth ratio of 5.01 and a beta of 0.42. The corporate has a fast ratio of 0.06, a present ratio of 0.06 and a debt-to-equity ratio of 0.04. Fairness LifeStyle Properties has a 52-week low of $41.97 and a 52-week excessive of $77.55. The inventory has a fifty day easy transferring common of $60.75 and a two-hundred day easy transferring common of $63.13.

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Fairness LifeStyle Properties (NYSE:ELS) final launched its quarterly earnings outcomes on Monday, October 19th. The actual property funding belief reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The enterprise had income of $285.00 million in the course of the quarter, in comparison with analysts’ expectations of $271.90 million. Fairness LifeStyle Properties had a return on fairness of 16.66% and a internet margin of 20.27%. The corporate’s income was up 5.2% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the enterprise posted $0.56 EPS. As a gaggle, equities analysts anticipate that Fairness LifeStyle Properties will put up 2.14 earnings per share for the present fiscal 12 months.

Institutional traders and hedge funds have not too long ago made modifications to their positions within the firm. Marshall Wace North America L.P. bought a brand new place in shares of Fairness LifeStyle Properties within the 1st quarter valued at about $69,000. Hexagon Capital Companions LLC acquired a brand new place in shares of Fairness LifeStyle Properties in the course of the third quarter price about $41,000. Arkadios Wealth Advisors elevated its stake in Fairness LifeStyle Properties by 44.2% in the course of the third quarter. Arkadios Wealth Advisors now owns 741 shares of the actual property funding belief’s inventory valued at $47,000 after buying an extra 227 shares in the course of the interval. Personal Advisor Group LLC purchased a brand new place in Fairness LifeStyle Properties in the course of the second quarter valued at about $67,000. Lastly, O Shaughnessy Asset Administration LLC elevated its stake in Fairness LifeStyle Properties by 9.8% in the course of the third quarter. O Shaughnessy Asset Administration LLC now owns 2,269 shares of the actual property funding belief’s inventory valued at $139,000 after buying an extra 203 shares in the course of the interval. Institutional traders and hedge funds personal 85.08% of the corporate’s inventory.

Fairness LifeStyle Properties Firm Profile

We’re a self-administered, self-managed actual property funding belief (ÂREITÂ) with headquarters in Chicago. As of October 19, 2020, we personal or have an curiosity in 415 high quality properties in 33 states and British Columbia consisting of 157,690 websites.

Learn Extra: Buying and selling Choices- What’s a Strangle?

Analyst Recommendations for Equity LifeStyle Properties (NYSE:ELS)

Eight Shopper Staples Shares That Supply Good Worth

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View the “Eight Shopper Staples Shares That Supply Good Worth”.