Equity Lifestyle Properties (ELS) Sets New 12-Month High at $98.71

Equity Lifestyle Properties, Inc. (NYSE:ELS) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $98.71 and last traded at $98.77, with a volume of 11573 shares. The stock had previously closed at $97.38.

A number of research analysts have recently commented on ELS shares. BMO Capital Markets increased their target price on shares of Equity Lifestyle Properties from $96.00 to $99.00 and gave the stock a “market perform” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Wednesday. Citigroup set a $98.00 price objective on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Thursday, October 25th. Wells Fargo & Co raised their price objective on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, August 24th. Finally, Bank of America raised their price objective on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a “buy” rating in a report on Monday, September 17th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Equity Lifestyle Properties currently has an average rating of “Hold” and a consensus price target of $98.50.

The firm has a market cap of $8.76 billion, a PE ratio of 27.13, a P/E/G ratio of 4.34 and a beta of 0.15. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $256.70 million during the quarter, compared to analyst estimates of $240.19 million. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. Equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 27th. Equity Lifestyle Properties’s dividend payout ratio is presently 61.11%.

In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the completion of the sale, the executive vice president now owns 146,389 shares of the company’s stock, valued at approximately $14,157,280.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group grew its position in shares of Equity Lifestyle Properties by 9,491.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 51,697 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 51,158 shares during the period. Teachers Advisors LLC grew its position in shares of Equity Lifestyle Properties by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 748,649 shares of the real estate investment trust’s stock worth $72,207,000 after buying an additional 3,136 shares during the period. Man Group plc grew its position in shares of Equity Lifestyle Properties by 47.4% during the 3rd quarter. Man Group plc now owns 221,200 shares of the real estate investment trust’s stock worth $21,335,000 after buying an additional 71,100 shares during the period. LPL Financial LLC acquired a new stake in shares of Equity Lifestyle Properties during the 3rd quarter worth approximately $653,000. Finally, First Republic Investment Management Inc. grew its position in shares of Equity Lifestyle Properties by 2.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 21,211 shares of the real estate investment trust’s stock worth $2,046,000 after buying an additional 574 shares during the period. 93.77% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/23/equity-lifestyle-properties-els-sets-new-12-month-high-at-98-71.html.

About Equity Lifestyle Properties (NYSE:ELS)

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

Featured Article: What is the S&P 500 Index?

Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply