Y Intercept Hong Kong Ltd Purchases 26,389 Shares of Equity Lifestyle Properties, Inc. $ELS

Y Intercept Hong Kong Ltd grew its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 357.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,776 shares of the real estate investment trust’s stock after purchasing an additional 26,389 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Equity Lifestyle Properties were worth $2,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ELS. Wiser Advisor Group LLC bought a new position in shares of Equity Lifestyle Properties during the third quarter worth about $25,000. GoalVest Advisory LLC acquired a new stake in Equity Lifestyle Properties in the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares in the last quarter. Clearstead Trust LLC lifted its stake in Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in Equity Lifestyle Properties during the 3rd quarter worth approximately $34,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $63.85 on Thursday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $63.18 and its 200 day simple moving average is $63.88. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.98 and a beta of 0.66.

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 analysts’ consensus estimates 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 prior year, the business earned $0.57 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed 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 yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio is currently 108.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ELS. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Friday, June 26th. Barclays lowered their price target on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Mizuho assumed coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price objective for the company. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.20.

About Equity Lifestyle Properties

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.