Equity Lifestyle Properties Inc. (ELS) Hits New 1-Year High at $81.25
Equity Lifestyle Properties Inc. (NYSE:ELS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $81.25 and last traded at $80.88, with a volume of 224,597 shares traded. The stock had previously closed at $80.42.
Several research analysts recently commented on ELS shares. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Tuesday, March 29th. Robert W. Baird restated a “hold” rating on shares of Equity Lifestyle Properties in a report on Tuesday, April 19th. Cantor Fitzgerald restated a “hold” rating on shares of Equity Lifestyle Properties in a report on Saturday, June 4th. Finally, Citigroup Inc. increased their target price on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$70.10.
The stock has a 50 day moving average of $75.92 and a 200-day moving average of $71.22. The stock has a market cap of $6.84 billion and a PE ratio of 44.62.
Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, April 18th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $220.10 million for the quarter, compared to the consensus estimate of $207.25 million. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. On average, equities research analysts anticipate that Equity Lifestyle Properties Inc. will post $3.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Friday, June 24th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.10%. The ex-dividend date was Wednesday, June 22nd.
In related news, EVP Roger Maynard sold 15,000 shares of Equity Lifestyle Properties stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of C$71.64, for a total transaction of C$1,074,600.00. Following the sale, the executive vice president now owns 155,379 shares of the company’s stock, valued at approximately C$11,131,351.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of hedge funds have modified their holdings of the stock. First Trust Advisors LP increased its stake in shares of Equity Lifestyle Properties by 211.6% in the fourth quarter. First Trust Advisors LP now owns 196,333 shares of the company’s stock valued at $13,090,000 after buying an additional 133,327 shares during the period. Rhumbline Advisers increased its stake in Equity Lifestyle Properties by 1.1% in the fourth quarter. Rhumbline Advisers now owns 86,957 shares of the company’s stock worth $5,797,000 after buying an additional 920 shares during the last quarter. California Public Employees Retirement System increased its stake in Equity Lifestyle Properties by 3.5% in the fourth quarter. California Public Employees Retirement System now owns 208,626 shares of the company’s stock worth $13,909,000 after buying an additional 7,000 shares during the last quarter. ProShare Advisors LLC increased its stake in Equity Lifestyle Properties by 11.9% in the fourth quarter. ProShare Advisors LLC now owns 28,937 shares of the company’s stock worth $1,929,000 after buying an additional 3,078 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Equity Lifestyle Properties by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 11,514,169 shares of the company’s stock worth $767,650,000 after buying an additional 152,889 shares during the last quarter.
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated 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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