Lifestyle

Fairness Life-style Properties (ELS) Upgraded by Zacks Funding Analysis to “Purchase”


Zacks Funding Analysis upgraded shares of Fairness Life-style Properties (NYSE:ELS) from a maintain ranking to a purchase ranking in a analysis notice revealed on Wednesday. They at the moment have $127.00 value goal on the actual property funding belief’s inventory.

In line with Zacks, “Fairness Life-style Properties, Inc. is a self-administered, self-managed, actual property funding belief. “

A number of different equities analysis analysts have additionally commented on the inventory. BMO Capital Markets reissued a maintain ranking and set a $104.00 value goal on shares of Fairness Life-style Properties in a analysis notice on Monday, January 28th. Citigroup set a $107.00 value goal on shares of Fairness Life-style Properties and gave the inventory a maintain ranking in a analysis notice on Wednesday, December 12th. Three equities analysis analysts have rated the inventory with a maintain ranking and 4 have issued a purchase ranking to the inventory. The inventory has a mean ranking of Purchase and a mean value goal of $106.08.

NYSE:ELS opened at $113.34 on Wednesday. Fairness Life-style Properties has a one 12 months low of $83.38 and a one 12 months excessive of $114.35. The corporate has a debt-to-equity ratio of 0.17, a fast ratio of 0.04 and a present ratio of 0.04. The inventory has a market cap of $10.19 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 4.94 and a beta of 0.34.

Fairness Life-style Properties (NYSE:ELS) final posted its quarterly earnings knowledge on Monday, January 28th. The true property funding belief reported $0.56 EPS for the quarter, lacking the consensus estimate of $0.97 by ($0.41). Fairness Life-style Properties had a return on fairness of 19.46% and a web margin of 22.62%. The enterprise had income of $243.50 million for the quarter, in comparison with the consensus estimate of $232.05 million. Throughout the identical interval within the earlier 12 months, the agency earned $0.84 EPS. The corporate’s income was up 5.9% on a year-over-year foundation. Analysis analysts anticipate that Fairness Life-style Properties will submit 4.18 EPS for the present fiscal 12 months.

The corporate additionally not too long ago introduced a quarterly dividend, which will probably be paid on Friday, April 12th. Stockholders of document on Friday, March 29th will probably be paid a $0.6125 dividend. This represents a $2.45 annualized dividend and a dividend yield of two.16%. The ex-dividend date is Thursday, March 28th. This is a rise from Fairness Life-style Properties’s earlier quarterly dividend of $0.55. Fairness Life-style Properties’s dividend payout ratio is at the moment 56.85%.

In different information, Director David J. Contis offered 6,581 shares of the corporate’s inventory in a transaction that occurred on Monday, February 4th. The shares have been offered at a mean value of $105.53, for a complete worth of $694,492.93. Following the transaction, the director now owns 1,378 shares within the firm, valued at $145,420.34. The sale was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. Company insiders personal 5.20% of the corporate’s inventory.

A number of hedge funds and different institutional buyers have not too long ago modified their holdings of ELS. Piedmont Funding Advisors Inc. raised its holdings in shares of Fairness Life-style Properties by 1.5% through the fourth quarter. Piedmont Funding Advisors Inc. now owns 6,221 shares of the actual property funding belief’s inventory valued at $604,00Zero after buying an extra 94 shares over the last quarter. Dean Funding Associates LLC raised its holdings in shares of Fairness Life-style Properties by 1.0% through the fourth quarter. Dean Funding Associates LLC now owns 13,591 shares of the actual property funding belief’s inventory valued at $1,320,00Zero after buying an extra 139 shares over the last quarter. Oppenheimer Asset Administration Inc. raised its holdings in shares of Fairness Life-style Properties by 6.3% through the fourth quarter. Oppenheimer Asset Administration Inc. now owns 3,756 shares of the actual property funding belief’s inventory valued at $365,00Zero after buying an extra 223 shares over the last quarter. Cigna Investments Inc. New raised its holdings in shares of Fairness Life-style Properties by 5.1% through the fourth quarter. Cigna Investments Inc. New now owns 5,312 shares of the actual property funding belief’s inventory valued at $515,00Zero after buying an extra 258 shares over the last quarter. Lastly, Nissay Asset Administration Corp Japan ADV raised its holdings in shares of Fairness Life-style Properties by 4.5% through the fourth quarter. Nissay Asset Administration Corp Japan ADV now owns 6,223 shares of the actual property funding belief’s inventory valued at $604,00Zero after buying an extra 270 shares over the last quarter. Hedge funds and different institutional buyers personal 95.06% of the corporate’s inventory.

About Fairness Life-style Properties

We’re a self-administered, self-managed actual property funding belief (“REIT”) with headquarters in Chicago. As of January 28, 2019, we personal or have an curiosity in 409 high quality properties in 33 states and British Columbia consisting of 153,984 websites.

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