A number of other equities analysts have also commented on ELS. Wells Fargo & Co reiterated a hold rating on shares of Equity Lifestyle Properties in a report on Thursday. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $70.00 price objective on the stock in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Equity Lifestyle Properties has an average rating of Hold and a consensus target price of $58.10.
Shares of ELS stock opened at $69.03 on Thursday. Equity Lifestyle Properties has a 12 month low of $46.00 and a 12 month high of $69.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market capitalization of $12.42 billion, a P/E ratio of 35.77, a P/E/G ratio of 4.54 and a beta of 0.20. The company’s fifty day moving average price is $130.49 and its two-hundred day moving average price is $124.41.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Equity Lifestyle Properties had a net margin of 27.02% and a return on equity of 22.00%. The firm had revenue of $248.37 million for the quarter, compared to analyst estimates of $244.91 million. During the same quarter in the previous year, the business posted $0.45 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Equity Lifestyle Properties will post 2.1 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.3065 dividend. This represents a $1.23 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, September 26th. Equity Lifestyle Properties’s payout ratio is currently 63.73%.
In other news, EVP Roger Maynard sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive vice president now owns 130,645 shares of the company’s stock, valued at approximately $16,330,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Seavey sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $124.80, for a total transaction of $873,600.00. Following the completion of the sale, the chief financial officer now directly owns 71,571 shares of the company’s stock, valued at approximately $8,932,060.80. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ELS. Aperio Group LLC grew its position in shares of Equity Lifestyle Properties by 10.6% during the 2nd quarter. Aperio Group LLC now owns 33,466 shares of the real estate investment trust’s stock valued at $4,061,000 after buying an additional 3,210 shares during the last quarter. Seeyond bought a new stake in shares of Equity Lifestyle Properties during the 2nd quarter valued at about $1,554,000. Redpoint Investment Management Pty Ltd grew its position in shares of Equity Lifestyle Properties by 30.1% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 7,685 shares of the real estate investment trust’s stock valued at $932,000 after buying an additional 1,779 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Equity Lifestyle Properties by 1.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 669,201 shares of the real estate investment trust’s stock valued at $80,852,000 after buying an additional 10,822 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Equity Lifestyle Properties by 295.9% during the 2nd quarter. Acadian Asset Management LLC now owns 15,203 shares of the real estate investment trust’s stock valued at $1,844,000 after buying an additional 11,363 shares during the last quarter. 94.52% of the stock is owned by institutional investors.
Equity Lifestyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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