Tiemann Investment Advisors LLC Takes $687,000 Position in Equity Lifestyle Properties, Inc. $ELS

Tiemann Investment Advisors LLC acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, HoldingsChannel reports. The institutional investor acquired 10,662 shares of the real estate investment trust’s stock, valued at approximately $687,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. Wiser Advisor Group LLC purchased a new position in Equity Lifestyle Properties during the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC raised its position in shares of Equity Lifestyle Properties by 74.8% during the 4th 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 during the period. Fulcrum Asset Management LLP bought a new stake in shares of Equity Lifestyle Properties during the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 67.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 726 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 292 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

ELS stock opened at $64.91 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.02 and a current ratio of 0.02. The company’s fifty day moving average price is $64.62 and its 200-day moving average price is $64.57. Equity Lifestyle Properties, Inc. has a one year low of $58.72 and a one year high of $69.00. The company has a market capitalization of $12.60 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 3.82 and a beta of 0.64.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results 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 company had revenue of $397.81 million for the quarter, compared to analysts’ expectations 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 was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. On average, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ELS shares. Odeon Capital Group set a $65.00 target price on shares of Equity Lifestyle Properties in a report on Thursday, July 9th. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Barclays set a $69.00 price objective on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research report on Monday. Morgan Stanley reaffirmed a “mixed” rating and issued a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday, August 12th. Finally, Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.52.

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.