Equity Lifestyle Properties Inc’s filing revealed that its Member of immediate family of Seavey Paul acquired Company’s shares for reported $4.28 million on Nov 12 ’24. In the deal valued at $71.30 per share,59,985 shares were bought.
Then, Seavey Paul sold 31,988 shares, generating $2,393,662 in total proceeds. Upon selling the shares at $74.83, the EVP & Chief Financial Officer now owns 0 shares.
Before that, NADER MARGUERITE M sold 33,000 shares. Equity Lifestyle Properties Inc shares valued at $2,492,160 were divested by the President and CEO at a price of $75.52 per share. As a result of the transaction, NADER MARGUERITE M now holds 260,936 shares, worth roughly $17.15 million.
Jefferies upgraded its Equity Lifestyle Properties Inc [ELS] rating to a Buy from a a Hold in a research note published on January 02, 2025; the price target was increased to $80 from $72. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. Wells Fargo also remained covering ELS and has increased its forecast on September 19, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wolfe Research revised its rating on February 09, 2024. It rated ELS as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of ELS
On Monday, Equity Lifestyle Properties Inc [NYSE:ELS] saw its stock fall -3.05% to $65.72. Over the last five days, the stock has lost -1.32%. Equity Lifestyle Properties Inc shares have fallen nearly -1.32% since the year began. Nevertheless, the stocks have fallen -5.52% over the past one year. While a 52-week high of $76.60 was reached on 01/03/25, a 52-week low of $59.82 was recorded on 01/06/25. SMA at 50 days reached $69.37, while 200 days put it at $67.31.
Levels Of Support And Resistance For ELS Stock
The 24-hour chart illustrates a support level at 64.99, which if violated will result in even more drops to 64.27. On the upside, there is a resistance level at 67.08. A further resistance level may holdings at 68.45. The Relative Strength Index (RSI) on the 14-day chart is 37.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.41%. Stochastics %K at 34.64% indicates the stock is a holding.
How much short interest is there in Equity Lifestyle Properties Inc?
A steep rise in short interest was recorded in Equity Lifestyle Properties Inc stocks on 2024-12-13, dropping by -0.48 million shares to a total of 3.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.47 million shares. There was a decline of -12.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $64 price target.
