Equity Lifestyle Properties(NYSE:ELS) Declares Dividend of $0.4250.

Equity Lifestyle Properties (NYSE:ELS) had declared a cash dividend of $0.4250 on Aug 9, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Aug 9, 2016 share price, the yield comes out to be 2.1029%. The dividend payable date has been fixed on Oct 14, 2016.

In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Equity Lifestyle Properties. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm.

Equity Lifestyle Properties (ELS) made into the market gainers list on Wednesdays trading session with the shares advancing 1.06% or 0.82 points. Due to strong positive momentum, the stock ended at $78.11, which is also near the day’s high of $78.13. The stock began the session at $77.46 and the volume stood at 6,30,098 shares. The 52-week high of the shares is $83.19 and the 52 week low is $53.82. The company has a current market capitalization of $6,663 M and it has 8,52,96,903 shares in outstanding.

Equity Lifestyle Properties(ELS) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $210.08M. Analysts had an estimated revenue of $114.76M. Earnings per share were $0.75. Analysts had estimated an EPS of $0.74.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Roger Maynard (EVP – Investments) sold 15,000 shares at $71.64 per share price.Also, 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.

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