Equity Lifestyle Properties Inc. (ELS) Shares Gap Down to $77.90
Equity Lifestyle Properties Inc. (NYSE:ELS) shares gapped down before the market opened on Monday . The stock had previously closed at $77.44, but opened at $77.90. Equity Lifestyle Properties shares last traded at $78.86, with a volume of 231,300 shares trading hands.
ELS has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated a “hold” rating on shares of Equity Lifestyle Properties in a research report on Saturday, June 4th. BMO Capital Markets restated a “hold” rating and issued a $77.00 price objective on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Finally, Citigroup Inc. raised their price objective on Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$71.25.
The company has a market capitalization of $6.73 billion and a price-to-earnings ratio of 42.56. The stock has a 50 day moving average price of $79.80 and a 200 day moving average price of $74.52.
Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. During the same period in the previous year, the firm posted $0.70 EPS. The company earned $210.10 million during the quarter, compared to analyst estimates of $114.76 million. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts anticipate that Equity Lifestyle Properties Inc. will post $3.30 earnings per share for the current fiscal year.
In other news, EVP Roger Maynard sold 15,000 shares of the business’s 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 value of C$1,074,600.00. Following the transaction, the executive vice president now owns 155,379 shares of the company’s stock, valued at C$11,131,351.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
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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