Equity Lifestyle Properties, Inc. (NYSE:ELS) insider Marguerite M. Nader sold 12,500 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $88.30, for a total value of $1,103,750.00. Following the sale, the insider now owns 97,868 shares of the company’s stock, valued at $8,641,744.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Equity Lifestyle Properties, Inc. (ELS) traded up $0.55 during trading on Tuesday, hitting $88.28. 278,700 shares of the stock were exchanged, compared to its average volume of 374,145. The firm has a market cap of $7,754.23, a price-to-earnings ratio of 42.24, a PEG ratio of 4.74 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, Inc. has a 1-year low of $69.62 and a 1-year high of $91.94.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.34). The company had revenue of $241.63 million during the quarter, compared to analyst estimates of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.488 per share. 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. This represents a $1.95 annualized dividend and a yield of 2.21%. Equity Lifestyle Properties’s dividend payout ratio is 93.30%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its stake in Equity Lifestyle Properties by 25.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,500 shares of the real estate investment trust’s stock worth $1,079,000 after purchasing an additional 2,500 shares during the period. First Trust Advisors LP lifted its position in Equity Lifestyle Properties by 35.5% in the 2nd quarter. First Trust Advisors LP now owns 84,857 shares of the real estate investment trust’s stock worth $7,327,000 after buying an additional 22,227 shares in the last quarter. State of Wisconsin Investment Board lifted its position in Equity Lifestyle Properties by 6.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 16,217 shares of the real estate investment trust’s stock worth $1,400,000 after buying an additional 940 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Equity Lifestyle Properties by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 491,932 shares of the real estate investment trust’s stock worth $42,474,000 after buying an additional 44,422 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Equity Lifestyle Properties by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 221,777 shares of the real estate investment trust’s stock worth $19,148,000 after buying an additional 27,582 shares in the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

A number of research firms have recently commented on ELS. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Robert W. Baird restated a “hold” rating and set a $95.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, December 11th. Evercore ISI upgraded Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a report on Monday, December 4th. BMO Capital Markets restated a “hold” rating and set a $94.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, November 27th. Finally, Citigroup upped their price target on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $89.67.

ILLEGAL ACTIVITY WARNING: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/26/equity-lifestyle-properties-inc-els-insider-sells-1103750-00-in-stock.html.

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.

Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.