Equity Lifestyle Properties, Inc. (NYSE:ELS) reached a new 52-week high during trading on Thursday . The stock traded as high as $102.05 and last traded at $102.24, with a volume of 29642 shares traded. The stock had previously closed at $99.48.
A number of research analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Equity Lifestyle Properties from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Wednesday, November 21st. Bank of America boosted their price target on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the stock a “buy” rating in a research report on Monday, September 17th. ValuEngine upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Finally, Citigroup set a $98.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Thursday, October 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $98.50.
The stock has a market capitalization of $9.19 billion, a PE ratio of 28.49, a P/E/G ratio of 4.55 and a beta of 0.19. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.15%. Equity Lifestyle Properties’s payout ratio is presently 61.11%.
In related news, EVP Roger Maynard sold 10,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the transaction, the executive vice president now owns 146,389 shares in the company, valued at approximately $14,157,280.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Equity Lifestyle Properties by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,011,036 shares of the real estate investment trust’s stock valued at $1,158,465,000 after acquiring an additional 122,921 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Equity Lifestyle Properties by 9,491.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 51,697 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 51,158 shares during the period. Teachers Advisors LLC increased its stake in Equity Lifestyle Properties by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 748,649 shares of the real estate investment trust’s stock valued at $72,207,000 after purchasing an additional 3,136 shares in the last quarter. Man Group plc increased its stake in Equity Lifestyle Properties by 47.4% during the 3rd quarter. Man Group plc now owns 221,200 shares of the real estate investment trust’s stock valued at $21,335,000 after purchasing an additional 71,100 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in Equity Lifestyle Properties during the 3rd quarter valued at $653,000. Institutional investors own 95.12% of the company’s stock.
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About Equity Lifestyle Properties (NYSE:ELS)
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.
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