Equity LifeStyle Properties, Inc. (NYSE:ELS) CEO Sells $2,492,160.00 in Stock

Equity LifeStyle Properties, Inc. (NYSE:ELS) CEO Marguerite M. Nader sold 33,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now owns 260,936 shares in the company, valued at $19,705,886.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Equity LifeStyle Properties Price Performance

Shares of ELS stock opened at $74.44 on Wednesday. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $70.31 and a two-hundred day simple moving average of $65.86. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 40.68, a P/E/G ratio of 4.32 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The business had revenue of $380.00 million for the quarter, compared to the consensus estimate of $334.53 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Equity LifeStyle Properties, Inc. will post 2.91 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.4775 per share. The ex-dividend date is Friday, September 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.57%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Institutional Trading of Equity LifeStyle Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Equity LifeStyle Properties during the 2nd quarter worth $119,000. Cim LLC lifted its position in shares of Equity LifeStyle Properties by 7.2% during the second quarter. Cim LLC now owns 41,573 shares of the real estate investment trust’s stock valued at $3,007,000 after buying an additional 2,779 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Equity LifeStyle Properties in the 2nd quarter valued at about $1,010,000. Point72 Asset Management L.P. grew its position in shares of Equity LifeStyle Properties by 744.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 251,747 shares of the real estate investment trust’s stock worth $16,396,000 after buying an additional 221,947 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Equity LifeStyle Properties during the 2nd quarter worth approximately $4,885,000. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Evercore ISI increased their target price on Equity LifeStyle Properties from $73.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday. Finally, Truist Financial boosted their target price on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.25.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.