Robeco Institutional Asset Management B.V. decreased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) by 19.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,938 shares of the real estate investment trust’s stock after selling 40,680 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Equity Lifestyle Properties were worth $9,679,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Equity Lifestyle Properties in the second quarter worth approximately $1,576,449,000. Bank of America Corp DE acquired a new position in Equity Lifestyle Properties in the second quarter valued at approximately $125,301,000. Canada Pension Plan Investment Board acquired a new position in Equity Lifestyle Properties in the second quarter valued at approximately $91,434,000. Bank of New York Mellon Corp bought a new position in shares of Equity Lifestyle Properties during the 2nd quarter worth approximately $89,012,000. Finally, Legal & General Group Plc bought a new position in shares of Equity Lifestyle Properties during the 2nd quarter worth approximately $69,938,000. Institutional investors and hedge funds own 97.21% of the company’s stock.
Equity Lifestyle Properties Stock Performance
Shares of Equity Lifestyle Properties stock opened at $60.84 on Friday. The business has a 50-day simple moving average of $61.26 and a 200 day simple moving average of $62.97. Equity Lifestyle Properties, Inc. has a one year low of $57.46 and a one year high of $69.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.49 and a beta of 0.63.
Equity Lifestyle Properties (NYSE:ELS – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.34). The firm had revenue of $409.90 million during the quarter, compared to the consensus estimate of $402.75 million. Equity Lifestyle Properties had a return on equity of 21.73% and a net margin of 24.97%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.19 earnings per share for the current fiscal year.
Equity Lifestyle Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio is presently 106.90%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Evercore set a $68.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, September 21st. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 12th. Barclays set a $66.00 target price on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research note on Wednesday, October 14th. Wells Fargo & Company set a $64.00 target price on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research note on Monday, October 19th. Finally, Morgan Stanley restated a “mixed” rating and issued a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Equity Lifestyle Properties has a consensus rating of “Hold” and an average target price of $67.09.
Read Our Latest Research Report on Equity Lifestyle Properties
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.
The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.
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