Creative Planning Purchases 19,977 Shares of Equity Lifestyle Properties, Inc. $ELS

Creative Planning boosted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 191.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,420 shares of the real estate investment trust’s stock after buying an additional 19,977 shares during the quarter. Creative Planning’s holdings in Equity Lifestyle Properties were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ELS. Brooklyn Investment Group grew its stake in shares of Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 384 shares during the period. National Pension Service raised its stake in Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 276 shares during the period. Allworth Financial LP lifted its holdings in Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 443 shares during the last quarter. IFP Advisors Inc boosted its position in Equity Lifestyle Properties by 874.7% during the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 761 shares during the period. Finally, SVB Wealth LLC bought a new position in Equity Lifestyle Properties during the first quarter worth about $61,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Down 0.3%

ELS opened at $62.80 on Thursday. The firm has a market capitalization of $12.17 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 3.32 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $72.81. The company has a fifty day moving average price of $61.61 and a 200-day moving average price of $61.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The company had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared 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 (DPR) is 103.52%.

Analyst Ratings Changes

Several research firms have recently issued reports on ELS. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of 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. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Evercore ISI cut their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and an average price target of $70.14.

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.