Cibc World Market Inc. bought a new stake in Equity <a href="https://healthylife7.com/kkr-acquires-japanese-beauty-and-lifestyle-group-ci-flavors/” title=”KKR acquires Japanese beauty and lifestyle group Ci Flavors”>Lifestyle Properties, Inc. (NYSE:ELS – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 35,442 shares of the real estate investment trust’s stock, valued at approximately $2,284,000
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Other institutional investors also recently bought and sold shares of the company. Wiser Advisor Group LLC purchased a new position in shares of Equity Lifestyle Properties in the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 453 shares in the last quarter. Clearstead Trust LLC purchased a new position in Equity Lifestyle Properties in the 2nd quarter valued at approximately $33,000. Fulcrum Asset Management LLP acquired a new position in shares of Equity Lifestyle Properties in the third quarter worth $34,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Equity Lifestyle Properties during the second quarter worth $37,000. 97.21% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Morgan Stanley reiterated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, May 5th. Wells Fargo & Company reduced their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Barclays set a $69.00 price objective on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research note on Monday, August 17th. Finally, Weiss Ratings raised Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.52.
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