D.A. Davidson & CO. acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,122 shares of the real estate investment trust’s stock, valued at approximately $206,000.
A number of other hedge funds also recently bought and sold shares of the stock. We Are One Seven LLC bought a new stake in shares of Equity Lifestyle Properties in the fourth quarter worth $29,000. First Hawaiian Bank purchased a new position in Equity Lifestyle Properties during the third quarter valued at $113,000. American Investment Services Inc. purchased a new position in Equity Lifestyle Properties during the third quarter valued at $203,000. Crossmark Global Holdings Inc. purchased a new position in Equity Lifestyle Properties during the third quarter valued at $218,000. Finally, Oakbrook Investments LLC purchased a new position in Equity Lifestyle Properties during the third quarter valued at $249,000. 94.94% of the stock is owned by institutional investors.
In other news, EVP Roger Maynard sold 10,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $96.71, for a total value of $967,100.00. Following the transaction, the executive vice president now directly owns 146,389 shares in the company, valued at $14,157,280.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Contis sold 6,581 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $105.53, for a total value of $694,492.93. Following the completion of the transaction, 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 insiders.
Several equities analysts recently weighed in on ELS shares. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. Citigroup set a $107.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Wednesday, December 12th. BMO Capital Markets lifted their target price on Equity Lifestyle Properties from $96.00 to $99.00 and gave the company a “market perform” rating in a research report on Tuesday, October 23rd. Finally, Robert W. Baird lifted their target price on Equity Lifestyle Properties from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $102.42.
NYSE ELS opened at $108.24 on Thursday. The firm has a market cap of $9.91 billion, a P/E ratio of 27.97, a P/E/G ratio of 4.82 and a beta of 0.34. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23. Equity Lifestyle Properties, Inc. has a fifty-two week low of $81.97 and a fifty-two week high of $111.39.
Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.41). Equity Lifestyle Properties had a net margin of 22.62% and a return on equity of 19.73%. The company had revenue of $243.50 million for the quarter, compared to analysts’ expectations of $232.05 million. During the same quarter last year, the firm posted $0.84 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 4.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a $0.6125 dividend. This represents a $2.45 annualized dividend and a dividend yield of 2.26%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 28th. Equity Lifestyle Properties’s payout ratio is presently 56.85%.
Equity Lifestyle Properties Profile
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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