David Contis Sells 3,000 Shares of Equity Lifestyle Properties (NYSE:ELS) Stock

Equity Lifestyle Properties, Inc. (NYSE:ELS) Director David Contis sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the transaction, the director owned 14,890 shares in the company, valued at $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $64.21 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $12.45 billion, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 3.57 and a beta of 0.75. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.15. The company’s 50-day moving average is $65.66 and its 200 day moving average is $62.92.

Equity Lifestyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.5425 dividend. The ex-dividend date is Friday, March 27th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 102.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in Equity Lifestyle Properties during the 3rd quarter valued at $25,000. GoalVest Advisory LLC bought a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 453 shares during the period. Clearstead Trust LLC increased its stake in shares of Equity Lifestyle Properties by 74.8% during the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Equity Lifestyle Properties in the third quarter valued at about $34,000. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, February 3rd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $70.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. UBS Group set a $67.00 target price on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Equity Lifestyle Properties presently has an average rating of “Hold” and a consensus target price of $69.63.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.