Equity Lifestyle Properties Inc. (ELS) Hits New 1-Year High at $82.00
Equity Lifestyle Properties Inc. (NYSE:ELS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $82.00 and last traded at $81.94, with a volume of 126,319 shares traded. The stock had previously closed at $80.65.
ELS has been the topic of several research reports. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Citigroup Inc. lifted their target price on Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $77.00 target price on shares of Equity Lifestyle Properties in a report on Thursday. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a report on Saturday, June 4th. Finally, Robert W. Baird reissued a “hold” rating on shares of Equity Lifestyle Properties in a research note on Tuesday, April 19th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$71.25.
The firm has a market capitalization of $6.97 billion and a price-to-earnings ratio of 44.26. The stock’s 50-day moving average is $77.59 and its 200 day moving average is $72.07.
Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $114.76 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. Equities research analysts forecast that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 24th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, June 22nd.
In other news, EVP Roger Maynard sold 15,000 shares of the stock in a transaction dated Thursday, June 9th. The shares were 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 directly owns 155,379 shares of the company’s stock, valued at approximately C$11,131,351.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Other hedge funds and institutional investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Equity Lifestyle Properties by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,024,730 shares of the company’s stock worth $68,319,000 after buying an additional 11,066 shares in the last quarter. Redwood Capital Investments LLC bought a new position in shares of Equity Lifestyle Properties during the fourth quarter worth $62,805,000. Advantus Capital Management Inc raised its position in shares of Equity Lifestyle Properties by 8.0% in the fourth quarter. Advantus Capital Management Inc now owns 291,200 shares of the company’s stock worth $19,414,000 after buying an additional 21,500 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Equity Lifestyle Properties by 3.7% in the fourth quarter. Schroder Investment Management Group now owns 1,443,538 shares of the company’s stock worth $96,241,000 after buying an additional 51,384 shares in the last quarter. Finally, Standard Life Investments LTD raised its position in shares of Equity Lifestyle Properties by 63.3% in the fourth quarter. Standard Life Investments LTD now owns 115,108 shares of the company’s stock worth $7,672,000 after buying an additional 44,616 shares in 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.