Equity Lifestyle Properties Inc. (NYSE:ELS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $77.10, but opened at $77.32. Equity Lifestyle Properties shares last traded at $77.72, with a volume of 164,420 shares changing hands.

Several equities analysts have commented on ELS shares. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a research report on Saturday, June 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Finally, Citigroup Inc. upped their price objective on Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$71.25.

The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 41.74 and a beta of 0.48. The stock has a 50-day moving average price of $78.66 and a 200-day moving average price of $75.27.

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Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, July 18th. The company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The firm had revenue of $210.10 million for the quarter, compared to the consensus estimate of $114.76 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts forecast that Equity Lifestyle Properties Inc. will post $3.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.425 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.20%. Equity Lifestyle Properties’s payout ratio is 91.40%.

A number of institutional investors have recently made changes to their positions in ELS. Renaissance Technologies LLC increased its position in shares of Equity Lifestyle Properties by 18.7% in the first quarter. Renaissance Technologies LLC now owns 1,026,300 shares of the company’s stock worth $74,643,000 after buying an additional 161,600 shares during the last quarter. LPL Financial LLC increased its position in shares of Equity Lifestyle Properties by 17.7% in the first quarter. LPL Financial LLC now owns 18,552 shares of the company’s stock worth $1,329,000 after buying an additional 2,795 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Equity Lifestyle Properties by 3.3% in the first quarter. Geode Capital Management LLC now owns 689,621 shares of the company’s stock worth $50,156,000 after buying an additional 22,198 shares during the last quarter. Nisa Investment Advisors L.L.C. increased its position in shares of Equity Lifestyle Properties by 30.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 8,500 shares of the company’s stock worth $618,000 after buying an additional 2,000 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Equity Lifestyle Properties by 3.6% in the first quarter. Panagora Asset Management Inc. now owns 815,706 shares of the company’s stock worth $59,326,000 after buying an additional 28,188 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated 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.

5 Day Chart for NYSE:ELS

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