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 report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $112.25.
Shares of NYSE:ELS traded up $1.51 during mid-day trading on Tuesday, reaching $133.63. 367,334 shares of the company’s stock were exchanged, compared to its average volume of 463,897. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 4.34 and a beta of 0.23. The business’s fifty day moving average price is $132.21 and its 200-day moving average price is $121.92. 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 twelve month low of $90.90 and a twelve month high of $138.92.
In related news, CFO Paul Seavey sold 7,000 shares of Equity Lifestyle Properties stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $124.80, for a total transaction of $873,600.00. Following the completion of the transaction, the chief financial officer now owns 71,571 shares of the company’s stock, valued at $8,932,060.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the executive vice president now directly owns 130,645 shares of the company’s stock, valued at approximately $16,330,625. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its stake in Equity Lifestyle Properties by 10.6% during the second quarter. Aperio Group LLC now owns 33,466 shares of the real estate investment trust’s stock worth $4,061,000 after buying an additional 3,210 shares during the last quarter. Seeyond bought a new position in Equity Lifestyle Properties during the second quarter worth $1,554,000. Redpoint Investment Management Pty Ltd raised its stake in Equity Lifestyle Properties by 30.1% during the second quarter. Redpoint Investment Management Pty Ltd now owns 7,685 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 1,779 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Equity Lifestyle Properties by 1.6% during the second quarter. Russell Investments Group Ltd. now owns 669,201 shares of the real estate investment trust’s stock worth $80,852,000 after buying an additional 10,822 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in Equity Lifestyle Properties during the first quarter worth $4,344,000. 94.53% of the stock is owned by institutional investors and hedge funds.
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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