L & S Advisors Inc raised its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,921 shares of the real estate investment trust’s stock after buying an additional 12,068 shares during the period. Equity Lifestyle Properties accounts for 1.6% of L & S Advisors Inc’s portfolio, making the stock its 9th largest position. L & S Advisors Inc owned approximately 0.13% of Equity Lifestyle Properties worth $8,625,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC purchased a new stake in Equity Lifestyle Properties during the fourth quarter valued at about $147,000. Flinton Capital Management LLC purchased a new stake in Equity Lifestyle Properties during the fourth quarter valued at about $183,000. Nuveen Fund Advisors LLC bought a new stake in Equity Lifestyle Properties during the third quarter valued at $201,000. Tudor Investment Corp Et Al bought a new stake in Equity Lifestyle Properties during the fourth quarter valued at $203,000. Finally, Sit Investment Associates Inc. boosted its stake in Equity Lifestyle Properties by 103.8% in the first quarter. Sit Investment Associates Inc. now owns 2,650 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 1,350 shares during the period. Institutional investors and hedge funds own 96.44% of the company’s stock.
Shares of Equity Lifestyle Properties, Inc. (ELS) traded down 0.18% during mid-day trading on Tuesday, reaching $86.70. 99,333 shares of the company traded hands. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 43.79 and a beta of 0.33. Equity Lifestyle Properties, Inc. has a 52 week low of $65.87 and a 52 week high of $87.08. The firm has a 50-day moving average price of $83.87 and a 200 day moving average price of $77.70.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, April 17th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Equity Lifestyle Properties had a net margin of 21.87% and a return on equity of 20.44%. The company had revenue of $232.40 million for the quarter, compared to analysts’ expectations of $218.28 million. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts anticipate that Equity Lifestyle Properties, Inc. will post $2.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.4875 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.95 annualized dividend and a yield of 2.24%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 98.49%.
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Several research firms recently commented on ELS. TheStreet raised shares of Equity Lifestyle Properties from a “c+” rating to a “b” rating in a report on Monday, April 17th. Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Finally, Evercore ISI lifted their target price on shares of Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus price target of $80.08.
In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,608 shares of Equity Lifestyle Properties stock in a transaction on Monday, May 15th. The shares were sold at an average price of $82.11, for a total transaction of $132,032.88. Following the sale, the insider now owns 57,265 shares of the company’s stock, valued at approximately $4,702,029.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.10% of the company’s stock.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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