Equity Lifestyle Properties (NYSE:ELS) Reaches New 1-Year High at $123.96

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Equity Lifestyle Properties, Inc. (NYSE:ELS) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $123.96 and last traded at $122.96, with a volume of 372329 shares changing hands. The stock had previously closed at $122.47.

Several brokerages have commented on ELS. Wells Fargo & Co downgraded shares of Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a report on Tuesday, March 26th. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $120.00 price target on shares of Equity Lifestyle Properties in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $110.42.

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $11.07 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 3.98 and a beta of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.02. Equity Lifestyle Properties had a net margin of 27.24% and a return on equity of 22.97%. The firm had revenue of $259.00 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period last year, the firm earned $1.04 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 4.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, June 27th. Equity Lifestyle Properties’s payout ratio is 63.31%.

A number of large investors have recently made changes to their positions in ELS. Ffcm LLC bought a new stake in shares of Equity Lifestyle Properties during the 4th quarter worth $27,000. First Interstate Bank bought a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth $33,000. Penserra Capital Management LLC bought a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth $58,000. Marshall Wace North America L.P. bought a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth $69,000. Finally, Assetmark Inc. lifted its holdings in shares of Equity Lifestyle Properties by 10.3% during the 1st quarter. Assetmark Inc. now owns 935 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 87 shares during the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

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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 January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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