Equity Lifestyle Properties, Inc. $ELS Shares Purchased by 17 Capital Partners LLC

17 Capital Partners LLC boosted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 28.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,956 shares of the real estate investment trust’s stock after purchasing an additional 1,993 shares during the period. 17 Capital Partners LLC’s holdings in Equity Lifestyle Properties were worth $552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. Ensign Peak Advisors Inc grew its stake in shares of Equity Lifestyle Properties by 1.1% in the second quarter. Ensign Peak Advisors Inc now owns 121,822 shares of the real estate investment trust’s stock valued at $7,513,000 after buying an additional 1,299 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Equity Lifestyle Properties by 1.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 321,799 shares of the real estate investment trust’s stock worth $19,845,000 after acquiring an additional 3,870 shares in the last quarter. Duff & Phelps Investment Management Co. grew its position in Equity Lifestyle Properties by 2.1% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,436,138 shares of the real estate investment trust’s stock valued at $88,567,000 after acquiring an additional 29,933 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Equity Lifestyle Properties by 34.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 265,021 shares of the real estate investment trust’s stock valued at $16,344,000 after purchasing an additional 67,412 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in Equity Lifestyle Properties by 19.2% during the 2nd quarter. Westpac Banking Corp now owns 35,239 shares of the real estate investment trust’s stock worth $2,173,000 after buying an additional 5,681 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Down 0.4%

NYSE:ELS opened at $61.42 on Thursday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $72.81. The stock has a market cap of $11.90 billion, a P/E ratio of 30.86, a P/E/G ratio of 3.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05. The stock has a 50-day simple moving average of $61.43 and a 200-day simple moving average of $61.73.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $393.31 million during the quarter, compared to analysts’ expectations of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. As a group, analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 103.52%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ELS. Barclays raised shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Morgan Stanley lowered their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada decreased their price objective on Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

About Equity Lifestyle Properties

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.