Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $112.25.
Separately, Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, July 24th.
Shares of Equity Lifestyle Properties stock traded down $1.46 during trading hours on Friday, reaching $135.15. The company’s stock had a trading volume of 350,315 shares, compared to its average volume of 479,634. The company’s 50 day simple moving average is $127.86 and its 200 day simple moving average is $118.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties has a one year low of $90.90 and a one year high of $137.48. The stock has a market cap of $12.44 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 4.56 and a beta of 0.26.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.02. Equity Lifestyle Properties had a net margin of 27.02% and a return on equity of 22.00%. The company had revenue of $248.37 million for the quarter, compared to the consensus estimate of $244.91 million. During the same period last year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Equity Lifestyle Properties will post 4.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.613 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, September 26th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.61. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 63.31%.
In related news, EVP Roger Maynard sold 10,000 shares of the 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 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 filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Seavey sold 7,000 shares of the 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 in the company, valued at approximately $8,932,060.80. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Telemus Capital LLC increased its stake in Equity Lifestyle Properties by 2.3% during the 1st quarter. Telemus Capital LLC now owns 6,154 shares of the real estate investment trust’s stock valued at $703,000 after buying an additional 138 shares during the period. US Bancorp DE increased its stake in Equity Lifestyle Properties by 1.9% during the 2nd quarter. US Bancorp DE now owns 7,569 shares of the real estate investment trust’s stock valued at $918,000 after buying an additional 143 shares during the period. Janney Montgomery Scott LLC increased its stake in Equity Lifestyle Properties by 5.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,285 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 161 shares during the period. Davis Selected Advisers increased its stake in Equity Lifestyle Properties by 0.3% during the 2nd quarter. Davis Selected Advisers now owns 62,680 shares of the real estate investment trust’s stock valued at $7,606,000 after buying an additional 170 shares during the period. Finally, Signaturefd LLC increased its stake in Equity Lifestyle Properties by 53.5% during the 2nd quarter. Signaturefd LLC now owns 505 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 176 shares during the period. 92.16% of the stock is currently owned by hedge funds and other institutional investors.
About Equity Lifestyle Properties
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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