Today it was reported that the COB of Equity Lifestyle (ELS), Samuel Zell, exercised options to buy 200,000 ELS shares at $18.85 a share, for a total transaction value of $3.77M. The options were close to expired and Samuel Zell retained stocks.
Following Samuel Zell’s last ELS Buy transaction on May 01, 2018, the stock climbed by 14.7%. Following this transaction Samuel Zell’s holding in the company was increased by 4.38% to a total of $493 million.
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Based on Equity Lifestyle’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $257 million and quarterly net profit of $56.07 million. In comparison, last year the company earned revenue of $242 million and had a net profit of $51.58 million. ELS’s market cap is $9.27B and the company has a P/E ratio of 44.15. Currently, Equity Lifestyle has an average volume of 423.7K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $97.00, reflecting a -6.4% downside.
In the last 30 days, insiders have sold $967.1K worth of ELS shares and purchased $3.77M worth of ELS shares. The insider sentiment on Equity Lifestyle has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Equity LifeStyle Properties, Inc. is a real estate investment trust. It engages in the management of portfolio of resort communities and lifestyle oriented properties. It operates through the Property Operations and Home Sales and Rentals Operations segments. The Property Operations segment owns and operates land lease properties.
