Royal Bank of Canada lessened its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 91.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,066 shares of the real estate investment trust’s stock after selling 56,842 shares during the period. Royal Bank of Canada’s holdings in Equity Lifestyle Properties were worth $437,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in ELS. UBS Group AG grew its stake in Equity Lifestyle Properties by 40.9% in the first quarter. UBS Group AG now owns 12,485 shares of the real estate investment trust’s stock valued at $962,000 after acquiring an additional 3,625 shares during the period. KCG Holdings Inc. acquired a new stake in Equity Lifestyle Properties in the first quarter valued at approximately $278,000. Capstone Asset Management Co. grew its stake in Equity Lifestyle Properties by 7.4% in the second quarter. Capstone Asset Management Co. now owns 2,885 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 200 shares during the period. Spirit of America Management Corp NY grew its stake in Equity Lifestyle Properties by 21.1% in the second quarter. Spirit of America Management Corp NY now owns 20,650 shares of the real estate investment trust’s stock valued at $1,783,000 after acquiring an additional 3,600 shares during the period. Finally, Aperio Group LLC grew its stake in Equity Lifestyle Properties by 40.7% in the second quarter. Aperio Group LLC now owns 22,410 shares of the real estate investment trust’s stock valued at $1,935,000 after acquiring an additional 6,488 shares during the period. 95.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Equity Lifestyle Properties, Inc. (NYSE ELS) opened at $90.45 on Wednesday. The company has a market capitalization of $7,955.37, a price-to-earnings ratio of 25.73, a P/E/G ratio of 4.86 and a beta of 0.31. Equity Lifestyle Properties, Inc. has a fifty-two week low of $66.66 and a fifty-two week high of $90.86. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.34). The business had revenue of $241.63 million for the quarter, compared to the consensus estimate of $226.85 million. Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.488 per share. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 93.30%.
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A number of equities research analysts have commented on the company. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Thursday, September 21st. BidaskClub upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Robert W. Baird lowered Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 target price on the stock. in a report on Friday, September 8th. Citigroup Inc. raised their target price on Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, BMO Capital Markets started coverage on Equity Lifestyle Properties in a report on Monday, October 9th. They issued a “market perform” rating and a $92.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $87.67.
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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