Hsbc Holdings PLC Increases Holdings in Equity Lifestyle Properties, Inc. $ELS

Hsbc Holdings PLC lifted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 581,460 shares of the real estate investment trust’s stock after purchasing an additional 82,142 shares during the period. Hsbc Holdings PLC owned about 0.30% of Equity Lifestyle Properties worth $35,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new stake in Equity Lifestyle Properties during the fourth quarter worth about $25,000. Wiser Advisor Group LLC purchased a new position in Equity Lifestyle Properties in the third quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted 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 valued at $30,000 after acquiring an additional 453 shares during the last quarter. Clearstead Trust LLC grew its position in shares of Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP bought a new position in shares of Equity Lifestyle Properties during the 3rd quarter valued at approximately $34,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Up 1.0%

ELS opened at $62.63 on Wednesday. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $69.00. The company has a market cap of $12.15 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 3.77 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 company has a 50 day moving average of $63.08 and a 200 day moving average of $63.63.

Equity Lifestyle Properties (NYSE:ELS) last issued its 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 business had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The company’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 EPS. On average, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on ELS. Zelman & Associates assumed coverage on shares of Equity Lifestyle Properties in a report on Monday, March 16th. They issued an “underperform” rating and a $59.25 price target on the stock. Barclays reduced their price objective 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. Deutsche Bank Aktiengesellschaft upgraded 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. Weiss Ratings cut Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Finally, Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.20.

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.