Equity Lifestyle Properties Inc. (ELS) Trading Down 3%
Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) dropped 3% during mid-day trading on Thursday . The stock traded as low as $79.17 and last traded at $79.17, with a volume of 178,393 shares trading hands. The stock had previously closed at $81.64.
ELS has been the topic of several research reports. Robert W. Baird reissued a “hold” rating on shares of Equity Lifestyle Properties in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Thursday, April 21st. Cantor Fitzgerald reissued a “hold” rating on shares of Equity Lifestyle Properties in a research report on Saturday, June 4th. Citigroup Inc. boosted their price target 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, BMO Capital Markets reissued a “hold” rating and issued a $77.00 price target on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$71.25.
The company’s 50-day moving average is $80.11 and its 200 day moving average is $73.21. The stock has a market capitalization of $6.80 billion and a P/E ratio of 43.00.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. During the same quarter in the previous year, the company earned $0.70 EPS. The business had revenue of $210.10 million for the quarter, compared to analyst estimates of $114.76 million. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current year.
In other Equity Lifestyle Properties news, EVP Roger Maynard sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 155,379 shares in the company, valued at approximately C$11,131,351.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Other hedge funds and institutional investors have made changes to their positions in the company. Mizuho Trust & Banking Co. Ltd. raised its position in shares of 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 last quarter. Dimensional Fund Advisors LP raised its stake in 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 valued at $68,319,000 after buying an additional 11,066 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Equity Lifestyle Properties during the fourth quarter valued at about $2,004,000.
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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