Equity Lifestyle Properties, Inc. (NYSE:ELS) Vice Chairman Howard Walker sold 1,200 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were 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 SEC, which can be accessed through the SEC website.

Equity Lifestyle Properties, Inc. (NYSE:ELS) opened at $87.14 on Friday. Equity Lifestyle Properties, Inc. has a twelve month low of $71.01 and a twelve month high of $91.94. The firm has a market capitalization of $7,674.30, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 4.32 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 (NYSE:ELS) last announced its quarterly earnings data on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $226.85 million. During the same period last year, the company posted $0.83 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a yield of 2.24%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 28th. Equity Lifestyle Properties’s dividend payout ratio is 93.30%.

A number of hedge funds and other institutional investors have recently made changes to their positions in ELS. Janus Henderson Group PLC grew its holdings in Equity Lifestyle Properties by 2,051.3% during the second quarter. Janus Henderson Group PLC now owns 2,010,984 shares of the real estate investment trust’s stock valued at $173,664,000 after purchasing an additional 1,917,506 shares during the period. Cohen & Steers Inc. grew its holdings in Equity Lifestyle Properties by 17.6% during the third quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock valued at $411,001,000 after purchasing an additional 724,655 shares during the period. Capital Growth Management LP grew its holdings in Equity Lifestyle Properties by 900.0% during the third quarter. Capital Growth Management LP now owns 500,000 shares of the real estate investment trust’s stock valued at $42,540,000 after purchasing an additional 450,000 shares during the period. Daiwa Securities Group Inc. grew its holdings in Equity Lifestyle Properties by 18.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock valued at $187,683,000 after purchasing an additional 345,194 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Equity Lifestyle Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock valued at $1,108,326,000 after purchasing an additional 343,326 shares during the period. 97.86% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on ELS. Robert W. Baird set a $90.00 price target on Equity Lifestyle Properties and gave the company a “neutral” rating in a research report on Friday. BMO Capital Markets reaffirmed a “hold” rating and set a $94.00 price target on shares of Equity Lifestyle Properties in a research report on Monday, November 27th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $81.00 price target on shares of Equity Lifestyle Properties in a research report on Monday, October 16th. Evercore ISI raised Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $97.00 price target for the company 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 stock. The company presently has an average rating of “Hold” and an average price target of $88.83.

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About Equity Lifestyle Properties

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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