Dimensional Fund Advisors LP Acquires 7,061 Shares of Equity Lifestyle Properties, Inc. (ELS)

Dimensional Fund Advisors LP lifted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,252,321 shares of the real estate investment trust’s stock after buying an additional 7,061 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.40% of Equity Lifestyle Properties worth $120,781,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its position in Equity Lifestyle Properties by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 133,293 shares of the real estate investment trust’s stock valued at $12,250,000 after purchasing an additional 690 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Equity Lifestyle Properties by 29.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,533 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 802 shares during the last quarter. US Bancorp DE grew its position in Equity Lifestyle Properties by 8.1% during the 2nd quarter. US Bancorp DE now owns 11,433 shares of the real estate investment trust’s stock valued at $1,050,000 after purchasing an additional 859 shares during the last quarter. First Western Capital Management Co grew its position in Equity Lifestyle Properties by 21.0% during the 2nd quarter. First Western Capital Management Co now owns 6,736 shares of the real estate investment trust’s stock valued at $619,000 after purchasing an additional 1,168 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in Equity Lifestyle Properties during the 3rd quarter valued at about $113,000. 95.12% of the stock is currently owned by hedge funds and other institutional investors.

ELS opened at $102.56 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 4.55 and a beta of 0.19. Equity Lifestyle Properties, Inc. has a 52-week low of $79.78 and a 52-week high of $103.05.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The business had revenue of $256.70 million for the quarter, compared to analysts’ expectations of $240.19 million. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. As a group, analysts expect that Equity Lifestyle Properties, Inc. will post 3.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, December 27th. Equity Lifestyle Properties’s dividend payout ratio is currently 61.11%.

Several brokerages recently commented on ELS. Robert W. Baird increased their price objective on shares of Equity Lifestyle Properties from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th. ValuEngine raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Wells Fargo & Co increased their price objective on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. Bank of America increased their price objective on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Wednesday, November 21st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Equity Lifestyle Properties presently has a consensus rating of “Buy” and a consensus price target of $98.50.

In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the transaction, the executive vice president now owns 146,389 shares in the company, valued at approximately $14,157,280.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

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Equity Lifestyle Properties Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

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Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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