B&I Capital AG Purchases 10,100 Shares of Equity Lifestyle Properties, Inc. $ELS

B&I Capital AG increased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,042 shares of the real estate investment trust’s stock after buying an additional 10,100 shares during the quarter. Equity Lifestyle Properties accounts for approximately 2.5% of B&I Capital AG’s holdings, making the stock its 18th largest holding. B&I Capital AG owned 0.06% of Equity Lifestyle Properties worth $7,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ELS. Farther Finance Advisors LLC raised its holdings in Equity Lifestyle Properties by 12.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 178 shares during the period. GAMMA Investing LLC increased its position in shares of Equity Lifestyle Properties by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 201 shares in the last quarter. Moran Wealth Management LLC raised its holdings in shares of Equity Lifestyle Properties by 1.2% during the second quarter. Moran Wealth Management LLC now owns 17,995 shares of the real estate investment trust’s stock worth $1,110,000 after acquiring an additional 220 shares during the period. Qtron Investments LLC raised its holdings in shares of Equity Lifestyle Properties by 4.5% during the first quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 242 shares during the period. Finally, Townsquare Capital LLC lifted its position in Equity Lifestyle Properties by 2.0% in the 1st quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust’s stock valued at $851,000 after acquiring an additional 251 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ELS has been the topic of a number of research reports. Evercore ISI cut their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Wells Fargo & Company cut their target price on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley reduced their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

Equity Lifestyle Properties Stock Down 0.3%

ELS stock opened at $62.80 on Thursday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $72.81. The business’s 50 day simple moving average is $61.61 and its 200 day simple moving average is $61.68. 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 has a market capitalization of $12.17 billion, a PE ratio of 31.56, a PEG ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The business had revenue of $393.31 million for the quarter, compared to analyst estimates of $389.39 million. During the same quarter in the prior year, the business earned $0.72 EPS. Equity Lifestyle Properties’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given 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.