Equity Lifestyle Properties, Inc. $ELS Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 19.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 85,893 shares of the real estate investment trust’s stock after selling 20,841 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Equity Lifestyle Properties were worth $5,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. Empowered Funds LLC grew its holdings in shares of Equity Lifestyle Properties by 3.5% during the fourth quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 169 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Equity Lifestyle Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 172 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Equity Lifestyle Properties by 3.7% in the third quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 178 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Equity Lifestyle Properties by 1.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,781 shares of the real estate investment trust’s stock worth $1,017,000 after acquiring an additional 206 shares during the last quarter. Finally, Clearstead Trust LLC boosted its position in Equity Lifestyle Properties by 74.8% during 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. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Up 0.1%

ELS stock opened at $63.55 on Monday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00. The firm has a market cap of $12.32 billion, a PE ratio of 31.77, a PEG ratio of 3.86 and a beta of 0.66. The firm’s 50 day moving average price is $63.22 and its 200-day moving average price is $63.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data 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). The business had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio is 108.50%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ELS. Robert W. Baird increased their price objective on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Barclays lowered their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Odeon Capital Group set a $65.00 price target on Equity Lifestyle Properties in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company lowered their price objective on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.92.

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.