Equity Lifestyle Properties (ELS) was Upgraded by Robert W. Baird to ” Outperform” and the brokerage firm has set the Price Target at $78. Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Equity Lifestyle Properties. Robert W. Baird Upgraded Equity Lifestyle Properties on Nov 21, 2016 to ” Outperform”, Price Target of the shares are set at $78.
On the company’s financial health, Equity Lifestyle Properties reported $0.83 EPS for the quarter, based on the information available during the earnings call on Oct 17, 2016. Analyst had a consensus estimate of $0.83. The company had revenue of $226.20 million for the quarter, compared to analysts expectations of $208.96 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Equity Lifestyle Properties opened for trading at $67.32 and hit $67.61 on the upside on Monday, eventually ending the session at $67.41, with a gain of 0.54% or 0.36 points. The heightened volatility saw the trading volume jump to 3,19,627 shares. Company has a market cap of $5,750 M.
Investors should note that on Nov 8, 2016, Equity Lifestyle Properties announced a cash dividend of $0.4250. The company’s management has announced Dec 28, 2016 as the ex-dividend date and fixed the record date on Dec 30, 2016. The payable date has been fixed on Jan 13, 2017.
In a different news, on Jun 13, 2016, Roger Maynard (EVP – Investments) sold 15,000 shares at $71.64 per share price. According to the SEC, on Jun 24, 2015, David J Contis (director) sold 5,000 shares at $53.65 per share price. On Mar 24, 2015, Howard Walker (Vice Chairman of the Board) sold 6,000 shares at $57.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Equity LifeStyle Properties Inc. (ELS) is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (Properties). The Company leases individual developed areas (Sites) with access to utilities for placement of factory built homes cottages cabins or recreational vehicles (RVs). The Company operates in two segments: Property Operations and Home Sales and Rental Operations. The Property Operations owns and operates land lease Properties and the Home Sales and Rental Operations purchases sells and leases homes at the Properties. The Company has partnership with MHC Operating Limited. As of December 31 2014 the Company owned an ownership interest in a portfolio of 384 Properties located throughout the United States and Canada containing 143113 residential Sites.