Equity Lifestyle Properties, Inc. (NYSE:ELS) Short Interest Down 14.7% in June

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Equity Lifestyle Properties, Inc. (NYSE:ELS) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 1,297,300 shares, a decrease of 14.7% from the May 30th total of 1,520,900 shares. Based on an average daily trading volume, of 563,800 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.5% of the shares of the stock are short sold.

A number of institutional investors and hedge funds have recently modified their holdings of ELS. Comerica Bank boosted its stake in Equity Lifestyle Properties by 4.5% in the fourth quarter. Comerica Bank now owns 7,875 shares of the real estate investment trust’s stock worth $819,000 after buying an additional 336 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Equity Lifestyle Properties by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 502,463 shares of the real estate investment trust’s stock worth $48,804,000 after buying an additional 5,987 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Equity Lifestyle Properties by 156.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,557 shares of the real estate investment trust’s stock worth $1,025,000 after buying an additional 6,434 shares in the last quarter. Advisor Group Inc. boosted its stake in Equity Lifestyle Properties by 29.8% in the fourth quarter. Advisor Group Inc. now owns 1,664 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 382 shares in the last quarter. Finally, Aviva PLC boosted its stake in Equity Lifestyle Properties by 43.0% in the fourth quarter. Aviva PLC now owns 8,372 shares of the real estate investment trust’s stock worth $813,000 after buying an additional 2,517 shares in the last quarter. Institutional investors own 94.50% of the company’s stock.

ELS traded down $0.40 during trading on Friday, hitting $125.58. The company’s stock had a trading volume of 486,500 shares, compared to its average volume of 462,208. The business has a 50 day simple moving average of $122.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $11.52 billion, a PE ratio of 32.45, a PEG ratio of 4.20 and a beta of 0.26. Equity Lifestyle Properties has a twelve month low of $89.22 and a twelve month high of $128.43.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.02. The company had revenue of $259.00 million during the quarter, compared to the consensus estimate of $251.72 million. Equity Lifestyle Properties had a return on equity of 22.97% and a net margin of 27.24%. Equity Lifestyle Properties’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. As a group, research analysts expect that Equity Lifestyle Properties will post 4.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.6125 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.45 annualized dividend and a yield of 1.95%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 63.31%.

Several research analysts have weighed in on ELS shares. Wells Fargo & Co reiterated a “sell” rating on shares of American States Water in a report on Tuesday, March 26th. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, BMO Capital Markets boosted their price target on Inflarx to $64.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Equity Lifestyle Properties presently has an average rating of “Hold” and an average price target of $110.42.

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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