Equity Lifestyle Properties, Inc. (NYSE:ELS) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,016,600 shares, a growth of 112.3% from the April 30th total of 950,000 shares. Based on an average daily trading volume, of 501,100 shares, the short-interest ratio is presently 4.0 days. Currently, 2.4% of the shares of the stock are short sold.
Shares of NYSE:ELS traded up $0.52 during trading on Monday, reaching $124.55. The company had a trading volume of 7,367 shares, compared to its average volume of 708,897. The company has a fifty day moving average price of $119.17. The stock has a market cap of $11.16 billion, a PE ratio of 32.05, a P/E/G ratio of 4.01 and a beta of 0.29. Equity Lifestyle Properties has a 12 month low of $89.22 and a 12 month high of $125.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.02. Equity Lifestyle Properties had a net margin of 27.24% and a return on equity of 22.97%. The firm had revenue of $259.00 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts predict that Equity Lifestyle Properties will post 4.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.6125 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 1.97%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 63.31%.
Institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co lifted its position in shares of Equity Lifestyle Properties by 203.8% in the 4th quarter. Paloma Partners Management Co now owns 7,995 shares of the real estate investment trust’s stock worth $776,000 after purchasing an additional 5,363 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Equity Lifestyle Properties by 156.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 10,557 shares of the real estate investment trust’s stock worth $1,025,000 after purchasing an additional 6,434 shares during the period. Optimum Investment Advisors lifted its position in shares of Equity Lifestyle Properties by 186.7% in the 1st quarter. Optimum Investment Advisors now owns 1,075 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 700 shares during the period. GSA Capital Partners LLP bought a new position in shares of Equity Lifestyle Properties in the 4th quarter worth about $285,000. Finally, Norges Bank bought a new position in shares of Equity Lifestyle Properties in the 4th quarter worth about $77,789,000. 94.50% of the stock is owned by institutional investors.
A number of brokerages have recently commented on ELS. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Wednesday, April 3rd. Wells Fargo & Co lowered shares of Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a report on Tuesday, March 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $120.00 price target on shares of Equity Lifestyle Properties in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $110.42.
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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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