Key Points
- Director David Contis sold 3,000 shares on March 18 at an average price of $67.22, cutting his position by 16.77% to 14,890 shares valued at about $1.00 million.
- Equity Lifestyle increased its quarterly dividend to $0.5425 (up from $0.52), payable April 10 to holders of record March 27, implying a $2.17 annualized payout and a 3.4% yield but a payout ratio of 102.49%.
- Analysts are mixed with a MarketBeat consensus rating of "Hold" and a $69.63 consensus price target; the stock trades in a 12‑month range of $58.15–$69.15 and has a PE of about 31.9.
Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) Director David Contis sold 3,000 shares of Equity Lifestyle Properties stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director directly owned 14,890 shares of the company's stock, valued at $1,000,905.80. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Equity Lifestyle Properties Price Performance
Shares of NYSE:ELS opened at $64.21 on Friday. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $69.15. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.30. The company has a market cap of $12.45 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 3.63 and a beta of 0.75. The company's 50 day moving average is $65.66 and its 200 day moving average is $62.90.
Equity Lifestyle Properties Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.5425 dividend. The ex-dividend date is Friday, March 27th. This is an increase from Equity Lifestyle Properties's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 102.49%.
Analyst Ratings Changes
Several equities research analysts have commented on ELS shares. Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Deutsche Bank Aktiengesellschaft downgraded Equity Lifestyle Properties from a "buy" rating to a "hold" rating and set a $65.00 target price on the stock. in a research note on Tuesday, January 20th. Bank of America raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a report on Tuesday, February 3rd. Wells Fargo & Company reiterated an "equal weight" rating and set a $70.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Friday, February 27th. Finally, UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the company a "buy" rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $69.63.
Check Out Our Latest Analysis on Equity Lifestyle Properties
Hedge Funds Weigh In On Equity Lifestyle Properties
A number of hedge funds have recently bought and sold shares of ELS. GoalVest Advisory LLC acquired a new stake in Equity Lifestyle Properties in the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC acquired a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 453 shares in the last quarter. Clearstead Trust LLC grew its stake in Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new stake in Equity Lifestyle Properties in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 97.21% of the company's stock.
About Equity Lifestyle Properties
(
Get Free Report)
Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company's portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.
In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.
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