News coverage about Equity Lifestyle Properties (NYSE:ELS) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equity Lifestyle Properties earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.4400637224671 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Equity Lifestyle Properties (NYSE ELS) traded up $0.96 on Wednesday, hitting $85.19. 288,663 shares of the stock were exchanged, compared to its average volume of 361,818. The stock has a market cap of $7,460.00, a price-to-earnings ratio of 40.76, a P/E/G ratio of 4.15 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 has a 12-month low of $72.19 and a 12-month high of $91.94.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. The company had revenue of $241.63 million during the quarter, compared to analysts’ expectations of $226.85 million. During the same quarter last year, the firm posted $0.83 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. research analysts forecast that Equity Lifestyle Properties will post 3.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.488 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 2.29%. Equity Lifestyle Properties’s payout ratio is 93.30%.
A number of equities research analysts recently commented on the stock. Robert W. Baird set a $90.00 price target on shares of Equity Lifestyle Properties and gave the stock a “neutral” rating in a report on Friday, January 5th. BMO Capital Markets reaffirmed a “hold” rating and issued a $95.00 price target on shares of Equity Lifestyle Properties in a report on Tuesday, January 9th. Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, October 16th. Finally, Evercore ISI upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research note on Monday, December 4th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of $89.00.
In other Equity Lifestyle Properties news, CFO Paul Seavey sold 7,775 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.98, for a total value of $684,044.50. Following the completion of the sale, the chief financial officer now directly owns 48,502 shares of the company’s stock, valued at $4,267,205.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marguerite M. Nader sold 12,500 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $88.30, for a total transaction of $1,103,750.00. Following the completion of the sale, the insider now directly owns 97,868 shares of the company’s stock, valued at $8,641,744.40. The disclosure for this sale can be found here. Insiders sold 21,475 shares of company stock valued at $1,894,283 over the last quarter. 6.10% of the stock is owned by company insiders.
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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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