Equity Lifestyle Properties (ELS) Hits New 1-Year High at $111.39

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.

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

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.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2019/02/13/equity-lifestyle-properties-els-hits-new-1-year-high-at-111-39.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.

Recommended Story: What is Cost of Capital?

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit