Equity Lifestyle Properties (ELS) Earning Somewhat Favorable News Coverage, Study Finds
Media headlines about Equity Lifestyle Properties (NYSE:ELS) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equity Lifestyle Properties earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.4400637224671 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Equity Lifestyle Properties (NYSE ELS) traded down $1.64 on Wednesday, hitting $85.24. The stock had a trading volume of 317,843 shares, compared to its average volume of 361,814. The stock has a market cap of $7,640.00, a PE ratio of 40.78, a PEG ratio of 4.31 and a beta of 0.30. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20. Equity Lifestyle Properties has a 52 week low of $71.01 and a 52 week 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). The firm had revenue of $241.63 million during the quarter, compared to analysts’ expectations of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. sell-side analysts predict that Equity Lifestyle Properties will post 3.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 93.30%.
ELS has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a research report on Wednesday, September 13th. Robert W. Baird restated a “hold” rating and issued a $95.00 target price on shares of Equity Lifestyle Properties in a research note on Monday, December 11th. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. BMO Capital Markets began coverage on Equity Lifestyle Properties in a research note on Monday, October 9th. They issued a “market perform” rating and a $92.00 target price for the company. Finally, Citigroup raised their target price on Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and an average target price of $89.00.
In other Equity Lifestyle Properties news, insider Marguerite M. Nader sold 12,500 shares of Equity Lifestyle Properties 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 transaction, the insider now owns 97,868 shares in the company, valued at $8,641,744.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Howard Walker sold 1,200 shares of Equity Lifestyle Properties stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total value of $106,488.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,475 shares of company stock valued at $1,894,283. 6.10% of the stock is currently 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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