News headlines about Equity Lifestyle Properties (NYSE:ELS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equity Lifestyle Properties earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.9534527860371 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
ELS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Thursday, June 1st. Evercore ISI raised their target price on Equity Lifestyle Properties from $74.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 18th. BidaskClub lowered Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $81.00 target price (up previously from $75.00) on shares of Equity Lifestyle Properties in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Equity Lifestyle Properties currently has a consensus rating of “Hold” and an average price target of $83.25.
Equity Lifestyle Properties (NYSE ELS) opened at 86.47 on Friday. Equity Lifestyle Properties has a 1-year low of $65.87 and a 1-year high of $88.16. The firm’s 50 day moving average price is $86.25 and its 200-day moving average price is $80.98. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 42.91 and a beta of 0.31.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The company had revenue of $221.30 million during the quarter, compared to the consensus estimate of $209.80 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that Equity Lifestyle Properties will post $2.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.4875 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.95 annualized dividend and a dividend yield of 2.26%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 97.02%.
In other news, Vice Chairman Howard Walker sold 1,608 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $82.11, for a total transaction of $132,032.88. Following the completion of the sale, the insider now owns 57,265 shares in the company, valued at $4,702,029.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Samuel Zell bought 805,333 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were acquired at an average price of $87.43 per share, with a total value of $70,410,264.19. The disclosure for this purchase can be found here. 6.10% of the stock is currently owned by corporate insiders.
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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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