Driehaus Capital Management LLC bought a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the real estate investment trust’s stock, valued at approximately $1,335,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. MANA Advisors LLC purchased a new stake in Equity Lifestyle Properties during the 4th quarter valued at $460,000. Renaissance Technologies LLC boosted its stake in shares of Equity Lifestyle Properties by 28.1% in the 4th quarter. Renaissance Technologies LLC now owns 2,472,800 shares of the real estate investment trust’s stock worth $220,129,000 after buying an additional 542,100 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Equity Lifestyle Properties by 233.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 87,241 shares of the real estate investment trust’s stock worth $7,766,000 after buying an additional 61,041 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Equity Lifestyle Properties by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 943,450 shares of the real estate investment trust’s stock worth $83,985,000 after buying an additional 76,121 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Equity Lifestyle Properties by 3.9% in the 4th quarter. Venturi Wealth Management LLC now owns 35,084 shares of the real estate investment trust’s stock worth $3,123,000 after buying an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.
Equity Lifestyle Properties, Inc. (NYSE ELS) opened at $85.58 on Wednesday. Equity Lifestyle Properties, Inc. has a twelve month low of $75.90 and a twelve month high of $91.94. The company has a market capitalization of $7,626.67, a price-to-earnings ratio of 23.94, a P/E/G ratio of 4.26 and a beta of 0.23. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $2.20 dividend on an annualized basis and a yield of 2.57%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 89.86%.
A number of equities analysts have recently issued reports on the company. Robert W. Baird restated a “hold” rating and issued a $95.00 price target on shares of Equity Lifestyle Properties in a research note on Monday, December 11th. Evercore ISI upgraded Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research note on Monday, December 4th. BMO Capital Markets restated a “hold” rating and issued a $94.00 price target on shares of Equity Lifestyle Properties in a research note on Monday, November 27th. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Tuesday, December 19th. Finally, Cantor Fitzgerald set a $85.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $89.50.
In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total transaction of $106,488.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul Seavey sold 7,775 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $87.98, for a total value of $684,044.50. Following the sale, the chief financial officer now directly owns 48,502 shares in the company, valued at $4,267,205.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,475 shares of company stock worth $1,894,283. Insiders own 6.10% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Driehaus Capital Management LLC Buys Shares of 15,000 Equity Lifestyle Properties, Inc. (ELS)” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/14/driehaus-capital-management-llc-buys-shares-of-15000-equity-lifestyle-properties-inc-els.html.
Equity Lifestyle Properties Profile
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.
Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.