Equity Lifestyle Properties, Inc. $ELS Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 773,322 shares of the real estate investment trust’s stock after selling 19,206 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Equity Lifestyle Properties were worth $45,108,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Equity Lifestyle Properties during the 2nd quarter valued at about $1,576,449,000. Principal Financial Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 1.0% in the first quarter. Principal Financial Group Inc. now owns 6,435,365 shares of the real estate investment trust’s stock worth $401,698,000 after buying an additional 66,772 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Equity Lifestyle Properties by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,806,080 shares of the real estate investment trust’s stock worth $175,156,000 after buying an additional 19,256 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Equity Lifestyle Properties by 24.4% during the first quarter. Bank of America Corp DE now owns 1,980,918 shares of the real estate investment trust’s stock valued at $123,649,000 after buying an additional 388,806 shares during the last quarter. Finally, Resolution Capital Ltd grew its holdings in shares of Equity Lifestyle Properties by 3.3% during the first quarter. Resolution Capital Ltd now owns 1,885,292 shares of the real estate investment trust’s stock valued at $117,680,000 after buying an additional 59,809 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ELS. UBS Group reduced their price target on shares of Equity Lifestyle Properties from $76.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Robert W. Baird lowered their price objective on Equity Lifestyle Properties from $74.00 to $71.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Mizuho reaffirmed a “neutral” rating and issued a $65.00 price objective (down from $72.00) on shares of Equity Lifestyle Properties in a research report on Monday, September 21st. Wells Fargo & Company set a $64.00 target price on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research note on Monday, October 19th. Finally, Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six 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 data from MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Hold” and an average target price of $67.09.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $61.03 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.02 and a quick ratio of 0.02. Equity Lifestyle Properties, Inc. has a one year low of $57.46 and a one year high of $69.00. The firm has a market capitalization of $11.84 billion, a P/E ratio of 30.07, a PEG ratio of 3.49 and a beta of 0.63. The business has a fifty day moving average of $61.24 and a 200 day moving average of $63.56.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.34). Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. The firm had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $402.75 million. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.19 EPS for the current year.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.