Howard Walker Sells 1,200 Shares of Equity Lifestyle Properties, Inc. (ELS) Stock

Equity Lifestyle Properties, Inc. (NYSE:ELS) Vice Chairman Howard Walker sold 1,200 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total value of $106,488.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Equity Lifestyle Properties, Inc. (NYSE ELS) opened at $87.37 on Friday. The company has a market capitalization of $7,741.05, a price-to-earnings ratio of 41.80, a P/E/G ratio of 4.36 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. Equity Lifestyle Properties, Inc. has a 12 month low of $71.01 and a 12 month high of $91.94.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $241.63 million during the quarter, compared to the consensus estimate of $226.85 million. During the same period in the prior year, the company earned $0.83 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.488 per share. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, December 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 93.30%.

A number of brokerages recently issued reports on ELS. Robert W. Baird set a $90.00 price objective on Equity Lifestyle Properties and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets reiterated a “hold” rating and issued a $94.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, November 27th. Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, October 16th. Evercore ISI upgraded Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Thursday, September 14th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $88.83.

Large investors have recently made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of Equity Lifestyle Properties by 9.2% during the second quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 125 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Equity Lifestyle Properties in the third quarter worth about $148,000. Pacad Investment Ltd. bought a new stake in shares of Equity Lifestyle Properties in the second quarter worth about $155,000. Gofen & Glossberg LLC IL bought a new stake in shares of Equity Lifestyle Properties in the second quarter worth about $215,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Equity Lifestyle Properties by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 178 shares during the last quarter. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

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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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