Equity Lifestyle Properties, Inc. (NYSE:ELS) Short Interest Update

Equity Lifestyle Properties, Inc. (NYSE:ELS) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 2,016,600 shares, an increase of 112.3% from the April 30th total of 950,000 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 501,100 shares, the days-to-cover ratio is currently 4.0 days.

Large investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co grew its stake in shares of Equity Lifestyle Properties by 203.8% in the 4th quarter. Paloma Partners Management Co now owns 7,995 shares of the real estate investment trust’s stock valued at $776,000 after buying an additional 5,363 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Equity Lifestyle Properties by 156.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 10,557 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 6,434 shares in the last quarter. Optimum Investment Advisors grew its stake in shares of Equity Lifestyle Properties by 186.7% in the 1st quarter. Optimum Investment Advisors now owns 1,075 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 700 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Equity Lifestyle Properties in the 4th quarter valued at approximately $285,000. Finally, Norges Bank bought a new stake in shares of Equity Lifestyle Properties in the 4th quarter valued at approximately $77,789,000. 94.50% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on ELS shares. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Wells Fargo & Co reiterated a “sell” rating on shares of American States Water in a research report on Tuesday, March 26th. Finally, BMO Capital Markets boosted their price target on shares of Inflarx to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus price target of $110.42.

ELS traded up $0.42 during trading on Wednesday, reaching $128.05. The company had a trading volume of 484,100 shares, compared to its average volume of 462,898. The company has a 50-day moving average of $122.30. The firm has a market capitalization of $11.49 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 4.09 and a beta of 0.26. Equity Lifestyle Properties has a 12-month low of $89.22 and a 12-month high of $128.43. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.02. Equity Lifestyle Properties had a return on equity of 22.97% and a net margin of 27.24%. The company had revenue of $259.00 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the previous year, the business posted $1.04 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts anticipate that Equity Lifestyle Properties will post 4.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.6125 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.45 annualized dividend and a yield of 1.91%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 63.31%.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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