IFP Advisors Inc Has $52,000 Stake in Equity Lifestyle Properties, Inc. $ELS

IFP Advisors Inc raised its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 874.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 848 shares of the real estate investment trust’s stock after purchasing an additional 761 shares during the period. IFP Advisors Inc’s holdings in Equity Lifestyle Properties were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ELS. Janney Montgomery Scott LLC boosted its stake in Equity Lifestyle Properties by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,825 shares of the real estate investment trust’s stock valued at $1,989,000 after purchasing an additional 757 shares during the last quarter. Blue Trust Inc. boosted its stake in Equity Lifestyle Properties by 351.6% during the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 1,452 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Equity Lifestyle Properties by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 414,524 shares of the real estate investment trust’s stock valued at $27,649,000 after purchasing an additional 11,954 shares during the last quarter. Lecap Asset Management Ltd. boosted its stake in Equity Lifestyle Properties by 71.0% during the 1st quarter. Lecap Asset Management Ltd. now owns 42,538 shares of the real estate investment trust’s stock valued at $2,837,000 after purchasing an additional 17,656 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Equity Lifestyle Properties by 2.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 182,152 shares of the real estate investment trust’s stock valued at $12,150,000 after purchasing an additional 4,034 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Up 0.1%

Shares of NYSE:ELS opened at $62.98 on Wednesday. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $73.67. The firm has a fifty day moving average of $60.97 and a 200 day moving average of $62.12. The firm has a market capitalization of $12.21 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 3.40 and a beta of 0.71. 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 (NYSE:ELS) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same period in the previous year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.515 dividend. The ex-dividend date was Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 106.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada lowered their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Finally, Barclays raised shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.05.

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.