Equity Lifestyle Properties, Inc. $ELS Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,200 shares of the real estate investment trust’s stock after selling 15,700 shares during the period. Forsta AP Fonden’s holdings in Equity Lifestyle Properties were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Fermata Advisors LLC raised its holdings in shares of Equity Lifestyle Properties by 471.9% in the 4th quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 28,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Equity Lifestyle Properties by 11.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock worth $20,206,000 after purchasing an additional 34,946 shares in the last quarter. Argosy Lionbridge Management LLC bought a new stake in shares of Equity Lifestyle Properties in the 3rd quarter worth approximately $3,703,000. ProShare Advisors LLC raised its holdings in shares of Equity Lifestyle Properties by 10.8% in the 3rd quarter. ProShare Advisors LLC now owns 586,269 shares of the real estate investment trust’s stock worth $35,587,000 after purchasing an additional 56,913 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Equity Lifestyle Properties by 1,104.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust’s stock worth $40,794,000 after purchasing an additional 617,202 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the completion of the sale, the director directly owned 14,890 shares of the company’s stock, valued at $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ELS has been the topic of a number of research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, April 15th. Barclays cut their price target on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Mizuho started coverage on shares of Equity Lifestyle Properties in a report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties has an average rating of “Moderate Buy” and a consensus target price of $69.20.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $61.55 on Thursday. The company’s 50 day moving average price is $63.15 and its 200 day moving average price is $63.57. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $69.00. The company has a market capitalization of $11.94 billion, a PE ratio of 30.78, a PEG ratio of 3.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The company had revenue of $397.62 million for the quarter, compared to analysts’ expectations of $395.71 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s payout ratio is currently 108.50%.

About Equity Lifestyle Properties

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.