Insider Selling: Equity Lifestyle Properties, Inc. (ELS) EVP Sells 10,000 Shares of Stock

Equity Lifestyle Properties, Inc. (NYSE:ELS) EVP Roger Maynard sold 10,000 shares of the firm’s 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 in the company, valued at $14,157,280.19. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Equity Lifestyle Properties stock opened at $97.66 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.07 and a quick ratio of 0.07. Equity Lifestyle Properties, Inc. has a 52-week low of $79.78 and a 52-week high of $98.85. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 4.34 and a beta of 0.15.

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

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

A number of institutional investors have recently added to or reduced their stakes in ELS. Wells Fargo & Company MN raised its holdings in Equity Lifestyle Properties by 278.3% during the 3rd quarter. Wells Fargo & Company MN now owns 411,687 shares of the real estate investment trust’s stock worth $39,707,000 after purchasing an additional 302,854 shares during the last quarter. BlackRock Inc. raised its holdings in Equity Lifestyle Properties by 3.9% during the 2nd quarter. BlackRock Inc. now owns 6,980,001 shares of the real estate investment trust’s stock worth $641,460,000 after purchasing an additional 261,338 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Equity Lifestyle Properties by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 3,063,900 shares of the real estate investment trust’s stock worth $281,572,000 after purchasing an additional 214,500 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Equity Lifestyle Properties by 150.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 324,859 shares of the real estate investment trust’s stock worth $31,333,000 after purchasing an additional 195,314 shares during the last quarter. Finally, Resolution Capital Ltd raised its holdings in Equity Lifestyle Properties by 17.1% during the 2nd quarter. Resolution Capital Ltd now owns 1,156,225 shares of the real estate investment trust’s stock worth $106,257,000 after purchasing an additional 168,500 shares during the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.

A number of equities research analysts have recently weighed in on ELS shares. BMO Capital Markets raised their price target on shares of Equity Lifestyle Properties from $96.00 to $99.00 and gave the company a “market perform” rating in a research note 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 target on the stock in a research note on Wednesday. Citigroup set a $98.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Thursday, October 25th. Wells Fargo & Co raised their price target on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an “outperform” rating in a research note 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $98.50.

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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 October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

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