Equity Lifestyle Properties, Inc. (ELS) CFO Sells $684,044.50 in Stock

Equity Lifestyle Properties, Inc. (NYSE:ELS) CFO Paul Seavey sold 7,775 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.98, for a total transaction of $684,044.50. Following the completion of the transaction, the chief financial officer now owns 48,502 shares of the company’s stock, valued at $4,267,205.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) opened at $88.28 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties, Inc. has a 1 year low of $69.62 and a 1 year high of $91.94. The stock has a market cap of $7,705.92, a PE ratio of 42.24, a price-to-earnings-growth ratio of 4.71 and a beta of 0.30.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The business had revenue of $241.63 million for the quarter, compared to analysts’ expectations of $226.85 million. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a yield of 2.21%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 28th. Equity Lifestyle Properties’s dividend payout ratio is presently 93.30%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ELS. Canada Pension Plan Investment Board boosted its position in Equity Lifestyle Properties by 25.0% during the second quarter. Canada Pension Plan Investment Board now owns 12,500 shares of the real estate investment trust’s stock valued at $1,079,000 after buying an additional 2,500 shares during the period. First Trust Advisors LP boosted its position in Equity Lifestyle Properties by 35.5% during the second quarter. First Trust Advisors LP now owns 84,857 shares of the real estate investment trust’s stock valued at $7,327,000 after buying an additional 22,227 shares during the period. Rhumbline Advisers boosted its position in Equity Lifestyle Properties by 0.6% during the second quarter. Rhumbline Advisers now owns 113,557 shares of the real estate investment trust’s stock valued at $9,805,000 after buying an additional 653 shares during the period. State of Wisconsin Investment Board boosted its position in Equity Lifestyle Properties by 6.2% during the second quarter. State of Wisconsin Investment Board now owns 16,217 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 940 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Equity Lifestyle Properties by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 491,932 shares of the real estate investment trust’s stock valued at $42,474,000 after buying an additional 44,422 shares during the period. Institutional investors and hedge funds own 97.86% of the company’s stock.

ELS has been the subject of several research reports. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday, August 29th. Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 target price on shares of Equity Lifestyle Properties in a research report on Wednesday, September 13th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Equity Lifestyle Properties has an average rating of “Hold” and a consensus price target of $89.67.

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Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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.

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