Equity Lifestyle Properties, Inc. $ELS Shares Bought by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,946 shares of the real estate investment trust’s stock after buying an additional 15,119 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Equity Lifestyle Properties were worth $24,965,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Equity Lifestyle Properties by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock valued at $1,544,190,000 after purchasing an additional 592,013 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Equity Lifestyle Properties by 303.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after buying an additional 11,999,874 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of Equity Lifestyle Properties by 26.8% during the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after buying an additional 2,246,622 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Equity Lifestyle Properties by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock valued at $285,048,000 after buying an additional 100,364 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Equity Lifestyle Properties by 16.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,656,490 shares of the real estate investment trust’s stock valued at $221,619,000 after buying an additional 509,442 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ELS. 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 research report on Wednesday, April 15th. Mizuho started coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 target price on the stock. Odean Cap Resea upgraded Equity Lifestyle Properties to a “hold” rating in a report on Thursday, July 9th. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wells Fargo & Company cut their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.92.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $65.00 on Tuesday. The company’s 50-day moving average is $63.25 and its two-hundred day moving average is $63.93. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 3.86 and a beta of 0.66.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The firm had revenue of $397.62 million for 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 EPS. Analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $2.17 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 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.