Equity Lifestyle Properties, Inc. $ELS Stock Holdings Lifted by Allstate Corp

Allstate Corp increased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 143.3% during the fourth quarter, Holdings Channel reports. The fund owned 44,661 shares of the real estate investment trust’s stock after purchasing an additional 26,307 shares during the quarter. Allstate Corp’s holdings in Equity Lifestyle Properties were worth $2,707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ELS. Empowered Funds LLC increased its holdings in shares of Equity Lifestyle Properties by 14.1% in the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 804 shares during the period. Jane Street Group LLC increased its holdings in shares of Equity Lifestyle Properties by 598.5% in the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock worth $7,964,000 after acquiring an additional 102,303 shares during the period. Intech Investment Management LLC increased its holdings in shares of Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after acquiring an additional 8,873 shares during the period. Cetera Investment Advisers increased its holdings in shares of Equity Lifestyle Properties by 111.0% in the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter worth about $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

ELS has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th. Wells Fargo & Company reissued an “equal weight” rating and set a $70.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, April 15th. Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Mizuho initiated coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, March 31st. They set an “outperform” rating and a $72.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.27.

Equity Lifestyle Properties Stock Down 0.0%

Equity Lifestyle Properties stock opened at $62.43 on Thursday. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 3.80 and a beta of 0.69. 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 company’s 50-day moving average price is $63.53 and its two-hundred day moving average price is $63.60. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last released 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 company 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 firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. On average, analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS 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. Stockholders 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 annualized dividend and a dividend yield of 3.5%. Equity Lifestyle Properties’s payout ratio is currently 108.50%.

Insider Activity

In other news, Director David J. Contis sold 3,000 shares of Equity Lifestyle Properties 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 transaction, the director owned 14,890 shares of the company’s stock, valued at $1,000,905.80. The trade was a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.80% of the stock is owned by corporate insiders.

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.