Cwm LLC Has $1.16 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

Cwm LLC lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 485.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,778 shares of the real estate investment trust’s stock after buying an additional 15,569 shares during the period. Cwm LLC’s holdings in Equity Lifestyle Properties were worth $1,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ELS. Nuveen LLC acquired a new position in shares of Equity Lifestyle Properties in the 1st quarter worth approximately $142,937,000. Victory Capital Management Inc. boosted its stake in Equity Lifestyle Properties by 15.1% in the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock worth $355,515,000 after purchasing an additional 699,877 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in Equity Lifestyle Properties by 101.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after purchasing an additional 630,065 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Equity Lifestyle Properties by 12.7% in the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock worth $280,771,000 after purchasing an additional 474,495 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Equity Lifestyle Properties by 535.2% in the first quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock worth $24,623,000 after purchasing an additional 311,053 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ELS shares. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company dropped their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Royal Bank Of Canada dropped their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Finally, Compass Point upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, July 22nd. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Price Performance

ELS opened at $62.98 on Wednesday. The company has a fifty day moving average price of $60.97 and a two-hundred day moving average price of $62.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $73.67. The firm has a market capitalization of $12.21 billion, a PE ratio of 32.63, a P/E/G ratio of 3.40 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same quarter in the previous year, the business earned $0.66 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Equity Lifestyle Properties’s payout ratio is currently 106.74%.

Equity Lifestyle Properties Profile

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.