Equity Lifestyle Properties Inc. (ELS) Stock Price Down 1.3%
Equity Lifestyle Properties Inc. (NYSE:ELS) shares dropped 1.3% during mid-day trading on Wednesday . The stock traded as low as $80.31 and last traded at $80.31, with a volume of 164,099 shares changing hands. The stock had previously closed at $81.33.
ELS has been the subject of several recent research reports. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Robert W. Baird reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a research note on Tuesday, April 19th. Citigroup Inc. increased their target price on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Equity Lifestyle Properties in a research report on Saturday, June 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of C$70.10.
The stock has a 50-day moving average price of $76.50 and a 200-day moving average price of $71.53. The firm has a market cap of $6.80 billion and a PE ratio of 44.36.
Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, July 18th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company earned $210.10 million during the quarter, compared to the consensus estimate of $114.76 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. On average, equities analysts anticipate that Equity Lifestyle Properties Inc. will post $3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 24th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Wednesday, June 22nd.
In other news, EVP Roger Maynard sold 15,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 155,379 shares of the company’s stock, valued at C$11,131,351.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Other hedge funds have recently bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. boosted its stake in Equity Lifestyle Properties by 1.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 15,071 shares of the company’s stock worth $1,006,000 after buying an additional 287 shares during the period. ProShare Advisors LLC boosted 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 period. GSA Capital Partners LLP boosted its stake in Equity Lifestyle Properties by 85.9% in the fourth quarter. GSA Capital Partners LLP now owns 47,433 shares of the company’s stock worth $3,162,000 after buying an additional 21,924 shares during the period. Rhumbline Advisers boosted 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 period. Finally, Mutual of America Capital Management LLC boosted its stake in Equity Lifestyle Properties by 7.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 88,265 shares of the company’s stock worth $5,885,000 after buying an additional 6,461 shares during the period.
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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