Equity Lifestyle Properties, Inc. (NYSE:ELS) CFO Paul Seavey sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $124.80, for a total value of $873,600.00. Following the transaction, the chief financial officer now owns 71,571 shares of the company’s stock, valued at $8,932,060.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE ELS traded down $1.78 during midday trading on Monday, hitting $124.74. 772,934 shares of the company’s stock were exchanged, compared to its average volume of 468,324. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.08 and a current ratio of 0.06. The business’s 50 day moving average is $123.92. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 4.22 and a beta of 0.26. Equity Lifestyle Properties, Inc. has a twelve month low of $90.90 and a twelve month high of $128.43.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The business had revenue of $248.37 million during the quarter, compared to the consensus estimate of $244.91 million. Equity Lifestyle Properties had a return on equity of 22.00% and a net margin of 27.02%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. As a group, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 4.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.613 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 1.97%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, September 26th. Equity Lifestyle Properties’s dividend payout ratio is 63.31%.
ELS has been the subject of several analyst reports. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, July 24th. BMO Capital Markets reiterated a “hold” rating and set a $120.00 price objective on shares of Equity Lifestyle Properties in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $112.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELS. BlackRock Inc. lifted its position in Equity Lifestyle Properties by 12.7% in the first quarter. BlackRock Inc. now owns 8,080,389 shares of the real estate investment trust’s stock worth $923,589,000 after purchasing an additional 912,522 shares during the period. Norges Bank acquired a new stake in Equity Lifestyle Properties in the fourth quarter worth approximately $77,789,000. Bank of Montreal Can lifted its position in Equity Lifestyle Properties by 2,546.6% in the first quarter. Bank of Montreal Can now owns 718,319 shares of the real estate investment trust’s stock worth $82,104,000 after purchasing an additional 691,178 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Equity Lifestyle Properties by 599.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 401,483 shares of the real estate investment trust’s stock worth $48,716,000 after purchasing an additional 344,108 shares during the period. Finally, Swiss National Bank lifted its position in Equity Lifestyle Properties by 79.3% in the second quarter. Swiss National Bank now owns 278,600 shares of the real estate investment trust’s stock worth $33,805,000 after purchasing an additional 123,200 shares during the period. Hedge funds and other institutional investors own 94.42% of the company’s stock.
About Equity Lifestyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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