Bar Harbor Wealth Management Has $6.28 Million Position in Equity Lifestyle Properties, Inc. $ELS

Bar Harbor Wealth Management raised its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,667 shares of the real estate investment trust’s stock after buying an additional 10,830 shares during the quarter. Bar Harbor Wealth Management’s holdings in Equity Lifestyle Properties were worth $6,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ELS. Empowered Funds LLC lifted its holdings in shares of Equity Lifestyle Properties by 3.5% during the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 169 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Equity Lifestyle Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock valued at $2,628,000 after acquiring an additional 172 shares during the period. Private Advisor Group LLC raised its position in Equity Lifestyle Properties by 3.7% in the third quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 178 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Equity Lifestyle Properties by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,781 shares of the real estate investment trust’s stock worth $1,017,000 after purchasing an additional 206 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Equity Lifestyle Properties by 1.6% during the third quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock worth $864,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ELS shares. Barclays dropped their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Weiss Ratings lowered Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Wells Fargo & Company lowered their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Zelman & Associates initiated coverage on Equity Lifestyle Properties in a research note on Monday, March 16th. They set an “underperform” rating and a $59.25 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.20.

Equity Lifestyle Properties Stock Performance

NYSE ELS opened at $62.63 on Wednesday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a 50 day moving average of $63.08 and a 200-day moving average of $63.63. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.77 and a beta of 0.67.

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

Equity Lifestyle Properties Announces Dividend

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

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.