LPL Financial LLC Decreases Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

LPL Financial LLC cut its position in Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,415 shares of the real estate investment trust’s stock after selling 1,831 shares during the quarter. LPL Financial LLC’s holdings in Equity LifeStyle Properties were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Values First Advisors Inc. boosted its stake in shares of Equity LifeStyle Properties by 8.7% in the fourth quarter. Values First Advisors Inc. now owns 4,380 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 349 shares during the period. California Public Employees Retirement System raised its holdings in Equity LifeStyle Properties by 35.0% in the third quarter. California Public Employees Retirement System now owns 473,932 shares of the real estate investment trust’s stock valued at $29,782,000 after acquiring an additional 122,855 shares in the last quarter. 17 Capital Partners LLC raised its holdings in Equity LifeStyle Properties by 33.3% in the third quarter. 17 Capital Partners LLC now owns 10,715 shares of the real estate investment trust’s stock valued at $673,000 after acquiring an additional 2,677 shares in the last quarter. CI Investments Inc. raised its holdings in Equity LifeStyle Properties by 0.8% in the third quarter. CI Investments Inc. now owns 202,362 shares of the real estate investment trust’s stock valued at $12,716,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Capital Square LLC raised its holdings in Equity LifeStyle Properties by 5.7% in the third quarter. Capital Square LLC now owns 20,274 shares of the real estate investment trust’s stock valued at $1,274,000 after acquiring an additional 1,089 shares in the last quarter. 90.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Equity LifeStyle Properties from $68.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Wells Fargo & Company assumed coverage on shares of Equity LifeStyle Properties in a report on Wednesday, March 29th. They issued an “overweight” rating and a $75.50 price target on the stock. Royal Bank of Canada cut their price target on shares of Equity LifeStyle Properties from $72.00 to $70.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. Citigroup increased their target price on shares of Equity LifeStyle Properties from $62.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Finally, StockNews.com initiated coverage on shares of Equity LifeStyle Properties in a report on Thursday, May 18th. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties has a consensus rating of “Hold” and an average target price of $76.28.

Equity LifeStyle Properties Stock Down 1.8 %

ELS stock opened at $64.10 on Wednesday. The firm’s 50-day simple moving average is $66.55 and its 200 day simple moving average is $66.77. The stock has a market cap of $11.94 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 4.60 and a beta of 0.67. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.47. Equity LifeStyle Properties, Inc. has a fifty-two week low of $56.91 and a fifty-two week high of $77.59.

Equity LifeStyle Properties (NYSE:ELS – Get Rating) last announced its earnings results on Tuesday, April 18th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.31). The company had revenue of $370.00 million during the quarter, compared to the consensus estimate of $351.71 million. Equity LifeStyle Properties had a net margin of 19.50% and a return on equity of 18.71%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 2.84 EPS for the current year.

Equity LifeStyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.447 dividend. The ex-dividend date is Thursday, June 29th. This represents a $1.79 dividend on an annualized basis and a yield of 2.79%. Equity LifeStyle Properties’s dividend payout ratio is presently 117.76%.

About Equity LifeStyle Properties

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Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.