270,714 Shares in Equity Lifestyle Properties, Inc. $ELS Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the 2nd quarter, HoldingsChannel reports. The fund bought 270,714 shares of the real estate investment trust’s stock, valued at approximately $17,448,000.

Several other hedge funds have also recently added to or reduced their stakes in ELS. Wiser Advisor Group LLC acquired a new position in Equity Lifestyle Properties during the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares during the period. Clearstead Trust LLC raised its stake in shares of 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 valued at $33,000 after purchasing an additional 231 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Equity Lifestyle Properties during the third quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Equity Lifestyle Properties by 67.3% in the first quarter. EverSource Wealth Advisors LLC now owns 726 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 292 shares during the period. Institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company decreased their price objective on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. Barclays set a $69.00 target price on Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.52.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS opened at $65.48 on Friday. Equity Lifestyle Properties, Inc. has a twelve month low of $58.72 and a twelve month high of $69.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 3.81 and a beta of 0.64. The firm has a 50-day moving average of $64.71 and a two-hundred day moving average of $64.63.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.22). The business had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. As a group, analysts expect that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 104.33%.

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.