B&I Capital AG Buys 9,500 Shares of Equity Lifestyle Properties, Inc. $ELS

B&I Capital AG raised its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,522 shares of the real estate investment trust’s stock after purchasing an additional 9,500 shares during the quarter. Equity Lifestyle Properties makes up about 2.6% of B&I Capital AG’s holdings, making the stock its 16th biggest holding. B&I Capital AG owned about 0.06% of Equity Lifestyle Properties worth $7,773,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new stake in shares of Equity Lifestyle Properties during the 4th quarter valued at about $25,000. Wiser Advisor Group LLC purchased a new position in shares of Equity Lifestyle Properties during the third quarter valued at about $25,000. Caitong International Asset Management Co. Ltd raised its stake in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 453 shares in the last quarter. Clearstead Trust LLC raised its stake in Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in Equity Lifestyle Properties in the third quarter worth about $34,000. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays reaffirmed an “equal weight” rating and set a $68.00 price objective on shares of Equity Lifestyle Properties in a research report on Tuesday. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research report on Thursday, July 9th. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upgraded 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. Finally, Wells Fargo & Company dropped 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.92.

Equity Lifestyle Properties Price Performance

ELS stock opened at $65.82 on Friday. The firm has a 50 day moving average price of $63.34 and a 200-day moving average price of $64.00. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $69.00. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.88 and a beta of 0.66. 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 posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. During the same quarter in the previous year, the company earned $0.57 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was 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.