Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) hit a new 52-week high during trading on Monday . The stock traded as high as $111.39 and last traded at $110.59, with a volume of 136158 shares. The stock had previously closed at $110.46.
Several analysts have commented on ELS shares. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Wednesday, November 21st. BMO Capital Markets restated a “hold” rating and set a $104.00 target price on shares of Equity Lifestyle Properties in a report on Monday, January 28th. Citigroup set a $107.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Wednesday, December 12th. Finally, Robert W. Baird raised their target price on shares of Equity Lifestyle Properties from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price 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 firm has a market capitalization of $9.91 billion, a P/E ratio of 27.93, a P/E/G ratio of 4.82 and a beta of 0.34.
In other news, 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 value of $967,100.00. Following the sale, the executive vice president now directly owns 146,389 shares in the company, valued at $14,157,280.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $694,492.93. Following the completion of the sale, the director now owns 1,378 shares in the company, valued at $145,420.34. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ffcm LLC acquired a new position in Equity Lifestyle Properties during the fourth quarter worth $27,000. We Are One Seven LLC acquired a new position in Equity Lifestyle Properties during the fourth quarter worth $29,000. First Hawaiian Bank acquired a new position in Equity Lifestyle Properties during the third quarter worth $113,000. Advisor Group Inc. increased its holdings in Equity Lifestyle Properties by 29.8% during the fourth quarter. Advisor Group Inc. now owns 1,664 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 382 shares during the last quarter. Finally, American Investment Services Inc. acquired a new position in Equity Lifestyle Properties during the third quarter worth $203,000. Institutional investors own 94.94% 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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