Equity Lifestyle Properties, Inc. (NYSE:ELS) Vice Chairman Howard Walker sold 1,200 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total value of $106,488.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Equity Lifestyle Properties, Inc. (NYSE ELS) traded down $0.26 during midday trading on Thursday, reaching $88.13. The company had a trading volume of 334,800 shares, compared to its average volume of 401,700. The stock has a market capitalization of $7,720.00, a price-to-earnings ratio of 42.17, a P/E/G ratio of 4.37 and a beta of 0.30. Equity Lifestyle Properties, Inc. has a 52-week low of $71.01 and a 52-week high of $91.94. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20.
Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.34). The firm had revenue of $241.63 million during the quarter, compared to analysts’ expectations of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. Equity Lifestyle Properties’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.58 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Equity Lifestyle Properties by 2.7% in the second quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock valued at $1,108,326,000 after buying an additional 343,326 shares during the last quarter. BlackRock Inc. boosted its position in Equity Lifestyle Properties by 3.4% in the second quarter. BlackRock Inc. now owns 6,258,525 shares of the real estate investment trust’s stock valued at $540,359,000 after buying an additional 207,679 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in Equity Lifestyle Properties by 17.6% in the third quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock valued at $411,001,000 after acquiring an additional 724,655 shares during the period. State Street Corp lifted its holdings in Equity Lifestyle Properties by 0.5% in the second quarter. State Street Corp now owns 2,545,930 shares of the real estate investment trust’s stock valued at $219,817,000 after acquiring an additional 13,279 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Equity Lifestyle Properties by 18.6% in the third quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock valued at $187,683,000 after acquiring an additional 345,194 shares during the period. Hedge funds and other institutional investors own 97.86% of the company’s stock.
A number of equities research analysts have recently weighed in on ELS shares. Zacks Investment Research lowered Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Robert W. Baird restated a “hold” rating and set a $95.00 price target on shares of Equity Lifestyle Properties in a research note on Monday, December 11th. Citigroup boosted their price target on Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Evercore ISI upgraded Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research note on Monday, December 4th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $81.00 price target on shares of Equity Lifestyle Properties in a research note on Monday, October 16th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $89.67.
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About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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