Paul Seavey Sells 10,000 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock

Equity LifeStyle Properties, Inc. (NYSE:ELS) CFO Paul Seavey sold 10,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the sale, the chief financial officer now directly owns 78,162 shares of the company’s stock, valued at $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Equity LifeStyle Properties Stock Up 0.9%

ELS stock opened at $64.33 on Monday. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The stock has a fifty day moving average of $65.64 and a 200-day moving average of $67.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The business had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same quarter last year, the company earned $0.59 EPS. As a group, equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.515 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.20%. Equity LifeStyle Properties’s dividend payout ratio is currently 106.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ELS. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Evercore ISI reduced their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a “buy” rating and a $80.00 price objective for the company. Truist Financial cut their price target on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Robert W. Baird increased their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ELS. National Pension Service bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $25,000. Bessemer Group Inc. boosted its position in shares of Equity LifeStyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 210 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.