Equity Lifestyle Properties, Inc. $ELS Position Lowered by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC decreased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 761,971 shares of the real estate investment trust’s stock after selling 75,095 shares during the period. Equity Lifestyle Properties comprises about 1.8% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 22nd biggest holding. Lasalle Investment Management Securities LLC’s holdings in Equity Lifestyle Properties were worth $46,183,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GoalVest Advisory LLC bought a new position in Equity Lifestyle Properties in the fourth quarter worth about $25,000. Wiser Advisor Group LLC bought a new position in Equity Lifestyle Properties in the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the last quarter. Clearstead Trust LLC lifted its holdings in Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 231 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in Equity Lifestyle Properties in the third quarter worth about $34,000. Institutional investors own 97.21% of the company’s stock.

Insider Activity at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director owned 14,890 shares in the company, valued at approximately $1,000,905.80. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.80% of the company’s stock.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $61.82 on Monday. The firm’s 50 day moving average is $63.32 and its two-hundred day moving average is $63.60. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $69.00. The firm has a market capitalization of $11.99 billion, a P/E ratio of 30.91, a PEG ratio of 3.76 and a beta of 0.67. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS 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 firm had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same quarter in the previous year, the business posted $0.57 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.5425 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.5%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 108.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ELS shares. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Wednesday, April 15th. BMO Capital Markets reissued an “outperform” rating and issued a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th. Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Barclays cut their target price on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $69.27.

Equity Lifestyle Properties Profile

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.