Equity Lifestyle Properties, Inc. (NYSE:ELS) COO Patrick Waite sold 5,994 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $72.17, for a total transaction of $432,586.98. Following the sale, the chief operating officer now directly owns 199,374 shares in the company, valued at approximately $14,388,821.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Equity Lifestyle Properties stock opened at $69.84 on Friday. The stock has a market cap of $12.95 billion, a P/E ratio of 36.19, a PEG ratio of 4.66 and a beta of 0.19. Equity Lifestyle Properties, Inc. has a fifty-two week low of $46.46 and a fifty-two week high of $74.55. The firm’s fifty day moving average price is $70.32 and its 200-day moving average price is $111.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.19). The firm had revenue of $271.20 million during the quarter, compared to the consensus estimate of $256.13 million. Equity Lifestyle Properties had a return on equity of 22.11% and a net margin of 27.47%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. Sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 2.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.306 dividend. The ex-dividend date is Thursday, December 26th. This represents a $1.22 annualized dividend and a dividend yield of 1.75%. Equity Lifestyle Properties’s payout ratio is currently 63.73%.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets raised shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Co reissued a “hold” rating on shares of Equity Lifestyle Properties in a report on Friday, December 6th. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, ValuEngine cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Friday, November 1st.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of Equity Lifestyle Properties by 99.7% in the third quarter. Millennium Management LLC now owns 406,597 shares of the real estate investment trust’s stock worth $54,321,000 after purchasing an additional 202,957 shares during the period. Squarepoint Ops LLC increased its stake in Equity Lifestyle Properties by 9.1% in the third quarter. Squarepoint Ops LLC now owns 108,257 shares of the real estate investment trust’s stock valued at $14,463,000 after acquiring an additional 9,052 shares during the last quarter. Barclays PLC increased its stake in Equity Lifestyle Properties by 31.9% in the third quarter. Barclays PLC now owns 240,378 shares of the real estate investment trust’s stock valued at $32,115,000 after acquiring an additional 58,085 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Equity Lifestyle Properties by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 133,433 shares of the real estate investment trust’s stock valued at $17,827,000 after acquiring an additional 856 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Equity Lifestyle Properties by 240.0% in the third quarter. Point72 Asset Management L.P. now owns 1,700 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 1,200 shares during the last quarter. 46.37% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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