Equity Lifestyle Properties (ELS) Trended Somewhat Positive News Coverage, Research Finds

Equity Lifestyle Properties (ELS) Trended Somewhat Positive News Coverage, Research Finds

News stories about Equity Lifestyle Properties (NYSE:ELS) have trended somewhat positive on Friday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equity Lifestyle Properties earned a coverage optimism score of 0.23 on AlphaOne’s scale. AlphaOne also gave press coverage about the real estate investment trust an impact score of 56 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Alpha One Sentiment Analysis’s scoring:

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Thursday. Evercore ISI raised their price objective on Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, April 18th. Finally, TheStreet upgraded Equity Lifestyle Properties from a “c+” rating to a “b” rating in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.08.

Equity Lifestyle Properties (NYSE ELS) traded up 2.19% during trading on Friday, reaching $86.29. The company had a trading volume of 449,493 shares. The company has a 50-day moving average price of $82.51 and a 200 day moving average price of $76.27. Equity Lifestyle Properties has a one year low of $65.87 and a one year high of $86.46. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 43.58 and a beta of 0.33.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, April 17th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. Equity Lifestyle Properties had a net margin of 21.50% and a return on equity of 20.43%. The business had revenue of $232.40 million during the quarter, compared to the consensus estimate of $218.28 million. During the same period in the prior year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts expect that Equity Lifestyle Properties will post $2.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a $0.4875 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Wednesday, June 28th. Equity Lifestyle Properties’s payout ratio is 88.08%.

In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,608 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $82.11, for a total value of $132,032.88. Following the completion of the sale, the insider now directly owns 57,265 shares of the company’s stock, valued at approximately $4,702,029.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.90% of the company’s stock.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ELS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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