7,744 Shares in Equity Lifestyle Properties, Inc. $ELS Acquired by Dockside LLC

Dockside LLC acquired a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,744 shares of the real estate investment trust’s stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 acquiring an additional 592,013 shares in the last quarter. Cohen & Steers Inc. lifted its position in Equity Lifestyle Properties by 26.8% in the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock valued at $643,331,000 after acquiring an additional 2,246,622 shares in the last quarter. Victory Capital Management Inc. lifted its position in Equity Lifestyle Properties by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock valued at $414,194,000 after acquiring an additional 1,674,281 shares in the last quarter. Geode Capital Management LLC lifted its position in Equity Lifestyle Properties by 2.2% in the 4th 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 acquiring an additional 100,364 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Equity Lifestyle Properties by 16.2% in the 4th 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 acquiring an additional 509,442 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $64.80 on Monday. The firm has a market cap of $12.57 billion, a PE ratio of 32.40, a P/E/G ratio of 3.94 and a beta of 0.67. 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 fifty day simple moving average of $63.20 and a two-hundred day simple moving average of $63.62. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last announced its 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 company had revenue of $397.62 million for the quarter, compared to analysts’ expectations of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. Equity Lifestyle Properties’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business 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. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio is 108.50%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research raised Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Robert W. Baird upped their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Mizuho assumed coverage on Equity Lifestyle Properties in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. 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 research report on Wednesday, February 18th. Finally, Wells Fargo & Company lowered their price objective 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, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.20.

Insider Activity at Equity Lifestyle Properties

In other news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the completion of the sale, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. This represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.80% of the stock is owned by company insiders.

Equity Lifestyle Properties 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.