Equity Lifestyle Properties (ELS) Getting Somewhat Favorable Media Coverage, Accern Reports
News coverage about Equity Lifestyle Properties (NYSE:ELS) has trended somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Equity Lifestyle Properties earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.9716127555956 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have commented on ELS. BMO Capital Markets set a $94.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Monday, February 5th. Cantor Fitzgerald set a $85.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, January 30th. TheStreet downgraded shares of Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. Robert W. Baird set a $90.00 price target on shares of Equity Lifestyle Properties and gave the stock a “neutral” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.50.
Shares of Equity Lifestyle Properties (NYSE:ELS) traded down $0.37 during trading on Tuesday, hitting $85.58. 277,436 shares of the stock traded hands, compared to its average volume of 411,535. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties has a 1 year low of $75.90 and a 1 year high of $91.94. The company has a market capitalization of $7,601.82, a PE ratio of 39.44, a price-to-earnings-growth ratio of 4.25 and a beta of 0.23.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a $0.55 dividend. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, March 28th. This represents a $2.20 annualized dividend and a dividend yield of 2.57%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 89.86%.
In other news, CFO Paul Seavey sold 7,775 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $87.98, for a total value of $684,044.50. Following the transaction, the chief financial officer now owns 48,502 shares in the company, valued at $4,267,205.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Howard Walker sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total transaction of $106,488.00. The disclosure for this sale can be found here. Insiders sold 21,475 shares of company stock worth $1,894,283 in the last 90 days. Company insiders own 6.10% of the company’s stock.
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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.
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