Louisiana State Employees Retirement System Purchases Shares of 56,200 Equity Lifestyle Properties, Inc. $ELS

Louisiana State Employees Retirement System acquired a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELSFree Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 56,200 shares of the real estate investment trust’s stock, valued at approximately $3,508,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fermata Advisors LLC increased its position in shares of Equity Lifestyle Properties by 471.9% during the 4th quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 28,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Equity Lifestyle Properties by 11.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock valued at $20,206,000 after buying an additional 34,946 shares in the last quarter. Argosy Lionbridge Management LLC bought a new stake in Equity Lifestyle Properties during the third quarter worth about $3,703,000. Thrivent Financial for Lutherans increased its holdings in shares of Equity Lifestyle Properties by 1,104.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust’s stock worth $40,794,000 after buying an additional 617,202 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Equity Lifestyle Properties by 232.3% in the third quarter. Swiss Life Asset Management Ltd now owns 56,617 shares of the real estate investment trust’s stock valued at $3,437,000 after acquiring an additional 39,580 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 2.3%

ELS opened at $64.35 on Friday. The firm has a 50 day simple moving average of $63.02 and a 200 day simple moving average of $63.66. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 3.91 and a beta of 0.67. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $69.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELSGet Free Report) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The company had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same period in the previous year, the company posted $0.57 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Wall Street Analyst Weigh In

ELS has been the topic of a number of research analyst reports. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Robert W. Baird boosted their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Zelman & Associates assumed coverage on Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 target price on the stock. Mizuho initiated coverage on Equity Lifestyle Properties in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday, April 15th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and an average price target of $69.20.

View Our Latest Report on ELS

Equity Lifestyle Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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