Oppenheimer & Co. Inc. acquired a new stake in shares of Equity Lifestyle Properties Inc. (NYSE:ELS) during the second quarter, Holdings Channel reports. The institutional investor acquired 2,520 shares of the company’s stock, valued at approximately $202,000.
Several other large investors also recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its stake in Equity Lifestyle Properties by 3.8% in the second quarter. Blair William & Co. IL now owns 16,749 shares of the company’s stock valued at $1,341,000 after buying an additional 608 shares during the last quarter. Assetmark Inc. increased its stake in Equity Lifestyle Properties by 3.9% in the second quarter. Assetmark Inc. now owns 107,995 shares of the company’s stock valued at $8,645,000 after buying an additional 4,041 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Equity Lifestyle Properties by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 3,164 shares of the company’s stock valued at $211,000 after buying an additional 41 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in Equity Lifestyle Properties during the second quarter valued at approximately $378,000. Finally, Neuberger Berman Group LLC increased its stake in Equity Lifestyle Properties by 56.5% in the second quarter. Neuberger Berman Group LLC now owns 363,026 shares of the company’s stock valued at $29,060,000 after buying an additional 131,003 shares during the last quarter. 94.83% of the stock is owned by institutional investors.
Equity Lifestyle Properties Inc. (NYSE:ELS) traded up 0.49% on Friday, reaching $79.95. The company’s stock had a trading volume of 306,670 shares. The firm has a 50 day moving average of $78.52 and a 200 day moving average of $75.38. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 43.15 and a beta of 0.48. Equity Lifestyle Properties Inc. has a 12 month low of $56.58 and a 12 month high of $83.19.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 18th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm earned $210.10 million during the quarter, compared to the consensus estimate of $114.76 million. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 earnings per share. Analysts anticipate that Equity Lifestyle Properties Inc. will post $3.30 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.13%. Equity Lifestyle Properties’s dividend payout ratio is 91.40%.
Several equities research analysts have recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $77.00 price objective on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Citigroup Inc. raised their price target on Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a report on Saturday, June 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$71.25.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated 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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