Insider Selling: Equity LifeStyle Properties, Inc. (NYSE:ELS) CEO Sells 33,000 Shares of Stock

Equity LifeStyle Properties, Inc. (NYSE:ELS) CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the completion of the transaction, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Equity LifeStyle Properties Stock Performance

ELS stock traded down $0.87 during midday trading on Tuesday, reaching $74.44. 905,039 shares of the company’s stock traded hands, compared to its average volume of 1,182,226. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34. The stock has a market cap of $13.88 billion, a P/E ratio of 41.15, a PEG ratio of 4.32 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The stock’s 50-day moving average is $70.31 and its 200 day moving average is $65.86.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The company had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $334.53 million. During the same quarter in the previous year, the company earned $0.66 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.91 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.4775 dividend. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Friday, September 27th. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ELS shares. Truist Financial boosted their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Evercore ISI upped their target price on Equity LifeStyle Properties from $73.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $68.00 target price on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties currently has an average rating of “Hold” and an average price target of $69.25.

Institutional Trading of Equity LifeStyle Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. bought a new position in Equity LifeStyle Properties in the 1st quarter worth approximately $25,000. Rise Advisors LLC bought a new position in Equity LifeStyle Properties during the first quarter valued at approximately $27,000. V Square Quantitative Management LLC purchased a new position in Equity LifeStyle Properties during the 2nd quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in Equity LifeStyle Properties by 167.1% in the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 391 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Equity LifeStyle Properties by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 217 shares in the last quarter. 97.21% of the stock is currently owned by 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 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.