Fairness LifeStyle Properties (NYSE:ELS – Get Rated) was downgraded by Zacks Funding Analysis from a “purchase” score to a “maintain” score in a word issued to traders on Friday, Zacks.com stories.
In line with Zacks, “Fairness Way of life Properties, Inc. is a self-managed, self-managed actual property funding belief.”
Different analysts have additionally issued analysis stories on the corporate. StockNews.com kicked off its protection of Fairness LifeStyle Properties in a analysis word on Thursday, March 31. They issued a “maintain” score for the corporate. Truist Monetary assumed protection of Fairness LifeStyle Properties in a report on Tuesday, Could 10. They set a “purchase” score and worth goal of $78.00 for the corporate. 4 analysts rated the shares a maintain score and 5 assigned a purchase score to the corporate’s shares. In line with MarketBeat knowledge, Fairness LifeStyle Properties at present has a consensus score of “Purchase” and a consensus worth goal of $85.14.
ELS shares traded down $1.81 on Friday, reaching $74.11. 747,328 shares of the corporate’s capital inventory have been exchanged, in comparison with its common quantity of 916,332. The agency has a present ratio of zero.03, a fast ratio of zero.03, and a debt-to-equity ratio of zero.37. The inventory has a market capitalization of $13.79 billion, a P/E ratio of 48.76, a worth/earnings progress ratio of 5.41 and a beta of zero.59. The corporate has a 50-day transferring common worth of $76.15 and a 200-day transferring common worth of $78.55. Fairness LifeStyle Properties has a 12 month minimal of $67.57 and a 12 month most of $88.70.
Fairness LifeStyle Properties (NYSE:ELS – Get Rated) final launched its quarterly earnings outcomes on Monday, April 18. The true property funding belief reported $zero.45 EPS for the quarter, lacking analyst consensus estimates of $zero.70 per ($zero.25). The corporate had income of $360.20 million throughout the quarter, in comparison with the consensus estimate of $305.59 million. Fairness LifeStyle Properties had a return on fairness of 19.91% and a web margin of 20.97%. Fairness LifeStyle Properties income elevated 18.6% 12 months over 12 months. Throughout the identical interval of the earlier 12 months, the corporate made $zero.64 of earnings per share. Inventory analysis analysts predict that Fairness LifeStyle Properties will put up 2.76 EPS for the present 12 months.
A number of institutional traders have lately modified their holdings within the firm. Verition Fund Administration LLC elevated its place in shares of Fairness LifeStyle Properties by 437.four% within the first quarter. Verition Fund Administration LLC now owns 27,170 shares of the actual property funding belief price $2,zero78,000 after buying a further 22,114 shares over the past quarter. Mirae Asset World Investments Co. Ltd. improved its place in Fairness LifeStyle Properties by 17.four% throughout the first quarter. Mirae Asset World Investments Co. Ltd. now owns 20,249 shares of the actual property funding belief price $1,548,000 after buying a further three,000 shares throughout the interval. Neuberger Berman Group LLC elevated its stake in Fairness LifeStyle Properties by four.four% throughout the first quarter. Neuberger Berman Group LLC now owns 935,719 shares of the actual property funding belief valued at $71,562,000 after buying a further 39,628 shares over the past quarter. Toroso Investments LLC elevated its holding in shares of Fairness LifeStyle Properties by 37.9% within the first quarter. Toroso Investments LLC now owns 12,339 shares of the actual property funding belief valued at $944,000 after buying a further three,391 shares throughout the interval. Lastly, Jane Road Group LLC elevated its shareholding in Fairness LifeStyle Properties by 131.zero% within the first quarter. Jane Road Group LLC now owns 12,744 shares of the actual property funding belief price $975,000 after buying a further 7,226 shares final quarter. At the moment, 90.90% of the shares belong to hedge funds and different institutional traders.
Firm Profile Fairness LifeStyle Properties (Get score)
We’re a self-managed, self-managed actual property funding belief (REIT) primarily based in Chicago. As of January 25, 2021, we personal or have an curiosity in 423 high quality properties in 33 states and British Columbia consisting of 161,229 websites.
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