Equity Lifestyle Properties, Inc. $ELS Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 21.5% in the fourth quarter, Holdings Channel reports. The firm owned 156,313 shares of the real estate investment trust’s stock after buying an additional 27,614 shares during the quarter. BNP Paribas Financial Markets’ holdings in Equity Lifestyle Properties were worth $9,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Equity Lifestyle Properties in the 3rd quarter worth $25,000. GoalVest Advisory LLC purchased a new position in shares of Equity Lifestyle Properties in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC increased its holdings in Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Equity Lifestyle Properties during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Down 1.4%

Shares of ELS stock opened at $61.53 on Tuesday. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $69.00. The firm’s 50 day moving average price is $63.08 and its two-hundred day moving average price is $63.57.

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

Equity Lifestyle Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

ELS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Wednesday, April 15th. Robert W. Baird lifted their price target on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Mizuho initiated 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 for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.20.

Insider Activity at Equity Lifestyle Properties

In other news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the transaction, the director directly owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

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.