Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 213.5% during the third quarter, HoldingsChannel.com reports. The firm owned 73,752 shares of the real estate investment trust’s stock after acquiring an additional 50,225 shares during the period. Exchange Traded Concepts LLC’s holdings in Equity Lifestyle Properties were worth $4,477,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Equity Lifestyle Properties by 204.1% during the 2nd quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 443 shares during the last quarter. IFP Advisors Inc boosted its holdings in Equity Lifestyle Properties by 874.7% in the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 761 shares during the last quarter. SVB Wealth LLC purchased a new stake in Equity Lifestyle Properties during the first quarter valued at about $61,000. Farther Finance Advisors LLC increased its stake in Equity Lifestyle Properties by 12.3% during the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 178 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Equity Lifestyle Properties by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 0.6%

ELS opened at $61.79 on Thursday. The firm’s 50 day moving average is $61.83 and its 200-day moving average is $61.43. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $70.35. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.98 billion, a P/E ratio of 31.05, a P/E/G ratio of 3.42 and a beta of 0.78.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The business had revenue of $393.31 million during the quarter, compared to analyst estimates of $389.39 million. During the same period last year, the business earned $0.72 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid a $0.515 dividend. The ex-dividend date is Friday, December 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 103.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ELS. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company decreased their price objective on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Morgan Stanley dropped their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada raised shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and raised their target price for the company from $66.00 to $70.00 in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.