Equity Lifestyle Properties (ELS) Hits New 12-Month High at $102.05

Share on StockTwits

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.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The firm had revenue of $256.70 million for the quarter, compared to the consensus estimate of $240.19 million. During the same quarter in the previous year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.91 earnings per share for the current year.

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.

TRADEMARK VIOLATION NOTICE: “Equity Lifestyle Properties (ELS) Hits New 12-Month High at $102.05” was reported by BBNS and is owned by of BBNS. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://baseballnewssource.com/2018/12/08/equity-lifestyle-properties-els-hits-new-12-month-high-at-102-05/3065615.html.

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.

See Also: Why do companies issue stock splits?

Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.