Insider Selling: Equity LifeStyle Properties, Inc. (NYSE:ELS) CEO Sells $2,492,160.00 in Stock

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

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded down $0.87 during trading hours on Tuesday, reaching $74.44. The company had a trading volume of 905,039 shares, compared to its average volume of 1,182,226. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The firm has a market cap of $13.88 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 4.32 and a beta of 0.79. The business has a fifty day simple moving average of $70.31 and a 200 day simple moving average of $65.86.

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

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.4775 per share. This represents a $1.91 annualized dividend and a yield of 2.57%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, September 27th. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

Analyst Ratings Changes

Several research analysts have weighed in on ELS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Evercore ISI boosted their target price on shares of Equity LifeStyle Properties from $73.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Truist Financial raised their price target on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Equity LifeStyle Properties currently has a consensus rating of “Hold” and a consensus target price of $69.25.

Institutional Trading of Equity LifeStyle Properties

A number of large investors have recently modified their holdings of the business. Private Advisor Group LLC purchased a new position in Equity LifeStyle Properties in the 4th quarter worth approximately $238,000. Vanguard Personalized Indexing Management LLC increased its stake in Equity LifeStyle Properties by 181.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 11,587 shares of the real estate investment trust’s stock valued at $817,000 after acquiring an additional 7,471 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Equity LifeStyle Properties by 39.3% in the fourth quarter. Quadrant Capital Group LLC now owns 3,075 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 867 shares during the last quarter. Financial Advocates Investment Management bought a new stake in Equity LifeStyle Properties during the fourth quarter worth about $219,000. Finally, Norges Bank bought a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $455,623,000. Institutional investors own 97.21% of the company’s stock.

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.