Bahl & Gaynor Inc. Has $30.93 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

Bahl & Gaynor Inc. grew its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 111.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 501,534 shares of the real estate investment trust’s stock after acquiring an additional 264,110 shares during the period. Bahl & Gaynor Inc. owned 0.26% of Equity Lifestyle Properties worth $30,930,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELS. Nuveen LLC bought a new position in Equity Lifestyle Properties in the first quarter valued at about $142,937,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Equity Lifestyle Properties by 101.4% during 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 during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Equity Lifestyle Properties by 12.2% in the second quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock valued at $291,363,000 after buying an additional 515,063 shares during the period. American Century Companies Inc. raised its holdings in Equity Lifestyle Properties by 535.2% in the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock valued at $24,623,000 after buying an additional 311,053 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Equity Lifestyle Properties during the 1st quarter worth approximately $20,259,000. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ELS shares. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Morgan Stanley cut their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Evercore ISI decreased their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company lowered their price objective on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.14.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $63.05 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 0.27. The firm’s fifty day simple moving average is $61.47 and its two-hundred day simple moving average is $61.71. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $72.81. The stock has a market capitalization of $12.22 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data 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. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm had revenue of $393.31 million during the quarter, compared to analyst estimates of $389.39 million. During the same period last year, the company posted $0.72 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio is presently 103.52%.

Equity Lifestyle Properties Company 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.