Equity Lifestyle Properties Inc. (ELS) Shares Gap Up to $77.90
Equity Lifestyle Properties Inc. (NYSE:ELS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $77.44, but opened at $77.90. Equity Lifestyle Properties shares last traded at $78.72, with a volume of 88,642 shares changing hands.
A number of brokerages have recently commented on ELS. 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 objective on Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$71.25.
The firm has a market capitalization of $6.73 billion and a PE ratio of 42.56. The firm has a 50 day moving average of $79.80 and a 200-day moving average of $74.52.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 18th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. During the same quarter last year, the business earned $0.70 earnings per share. The firm earned $210.10 million during the quarter, compared to analysts’ expectations of $114.76 million. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current year.
In other news, EVP Roger Maynard sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owns 155,379 shares in the company, valued at approximately C$11,131,351.56. The transaction was disclosed in a document filed with the SEC, which is accessible through 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.