Artemis Investment Management LLP boosted its position in shares of Equity Lifestyle Properties Inc. (NYSE:ELS) by 126.6% during the second quarter, Holdings Channel reports. The institutional investor owned 37,619 shares of the company’s stock after buying an additional 21,015 shares during the period. Artemis Investment Management LLP’s holdings in Equity Lifestyle Properties were worth $3,012,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC raised its position in Equity Lifestyle Properties by 90.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,799 shares of the company’s stock worth $144,000 after buying an additional 856 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Equity Lifestyle Properties by 30.0% in the second quarter. New York State Teachers Retirement System now owns 2,600 shares of the company’s stock valued at $208,000 after buying an additional 600 shares during the period. Quadrature Capital Ltd bought a new position in shares of Equity Lifestyle Properties during the first quarter valued at approximately $241,000. Zebra Capital Management LLC bought a new position in shares of Equity Lifestyle Properties during the first quarter valued at approximately $284,000. Finally, WESPAC Advisors LLC raised its position in shares of Equity Lifestyle Properties by 15.7% in the second quarter. WESPAC Advisors LLC now owns 7,688 shares of the company’s stock valued at $615,000 after buying an additional 1,046 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.
Equity Lifestyle Properties Inc. (NYSE:ELS) traded down 0.11% during midday trading on Thursday, hitting $78.54. 343,523 shares of the stock traded hands. Equity Lifestyle Properties Inc. has a 1-year low of $57.71 and a 1-year high of $83.19. The company has a 50-day moving average price of $78.30 and a 200-day moving average price of $75.59. The firm has a market cap of $6.70 billion, a P/E ratio of 42.39 and a beta of 0.48.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 18th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $210.10 million for the quarter, compared to analyst estimates of $114.76 million. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Analysts predict that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, September 28th. Equity Lifestyle Properties’s payout ratio is presently 91.40%.
Several brokerages recently commented on ELS. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a research report on Saturday, June 4th. Citigroup Inc. upped their price target on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 price target on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$71.25.
About Equity Lifestyle Properties
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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