Equity Lifestyle Properties, Inc. $ELS Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 592.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,232 shares of the real estate investment trust’s stock after purchasing an additional 82,330 shares during the period. SG Americas Securities LLC’s holdings in Equity Lifestyle Properties were worth $5,841,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in shares of Equity Lifestyle Properties in the 2nd quarter valued at $164,862,000. Royal London Asset Management Ltd. lifted its position in Equity Lifestyle Properties by 1,520.4% in the second quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock valued at $109,267,000 after acquiring an additional 1,662,458 shares during the last quarter. Bank of America Corp DE boosted its stake in Equity Lifestyle Properties by 53.6% in the second quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust’s stock valued at $137,361,000 after acquiring an additional 777,107 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Equity Lifestyle Properties by 72.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,722,135 shares of the real estate investment trust’s stock worth $106,204,000 after purchasing an additional 721,779 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Equity Lifestyle Properties by 161.2% during the second quarter. AQR Capital Management LLC now owns 1,044,792 shares of the real estate investment trust’s stock worth $63,889,000 after purchasing an additional 644,860 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Down 0.7%

ELS opened at $60.83 on Friday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The business has a 50 day moving average price of $61.55 and a two-hundred day moving average price of $61.24. 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 company has a market cap of $11.79 billion, a PE ratio of 30.57, a P/E/G ratio of 3.23 and a beta of 0.77.

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

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.515 per share. The ex-dividend date was Friday, December 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio is presently 103.52%.

Analyst Ratings Changes

Several analysts have recently weighed in on ELS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company reduced their price objective on 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. Royal Bank Of Canada upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $66.00 to $70.00 in a research report on Monday, December 8th. Finally, Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.21.

Equity Lifestyle Properties Company 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.