Equity Lifestyle Properties (ELS) Reaches New 12-Month High at $111.39

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) reached a new 52-week high during trading on Monday . The company traded as high as $111.39 and last traded at $110.59, with a volume of 136158 shares traded. The stock had previously closed at $110.46.

A number of analysts have commented 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. BMO Capital Markets restated a “hold” rating and set a $104.00 price target on shares of Equity Lifestyle Properties in a research report on Monday, January 28th. 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Equity Lifestyle Properties currently has a consensus rating of “Buy” and an average price target of $102.42.

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 company has a market cap of $9.91 billion, a PE ratio of 28.39, a P/E/G ratio of 4.82 and a beta of 0.34.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.41). The business had revenue of $243.50 million during the quarter, compared to analyst estimates of $232.05 million. Equity Lifestyle Properties had a net margin of 22.62% and a return on equity of 19.73%. Equity Lifestyle Properties’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. As a group, equities research analysts expect that Equity Lifestyle Properties, Inc. will post 4.18 EPS for the current fiscal year.

In other Equity Lifestyle Properties news, Director David J. Contis sold 6,581 shares of Equity Lifestyle Properties stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $105.53, for a total value of $694,492.93. Following the completion of the sale, the director now directly owns 1,378 shares in the company, valued at $145,420.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 146,389 shares of the company’s stock, valued at $14,157,280.19. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of ELS. Great West Life Assurance Co. Can increased its position in Equity Lifestyle Properties by 10.0% during the third quarter. Great West Life Assurance Co. Can now owns 62,999 shares of the real estate investment trust’s stock worth $6,079,000 after acquiring an additional 5,706 shares during the period. American Assets Capital Advisers LLC increased its holdings in Equity Lifestyle Properties by 6.1% in the 3rd quarter. American Assets Capital Advisers LLC now owns 180,500 shares of the real estate investment trust’s stock valued at $17,410,000 after buying an additional 10,300 shares during the period. Virginia Retirement Systems ET AL increased its holdings in Equity Lifestyle Properties by 66.6% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 170,100 shares of the real estate investment trust’s stock valued at $16,406,000 after buying an additional 68,000 shares during the period. Rehmann Capital Advisory Group increased its holdings in Equity Lifestyle Properties by 9,491.3% in 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 buying an additional 51,158 shares during the period. Finally, Presima Inc. bought a new stake in shares of Equity Lifestyle Properties in the 4th quarter worth about $12,501,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

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Equity Lifestyle Properties Company Profile (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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