Equity Lifestyle Properties, Inc. $ELS Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,069,162 shares of the real estate investment trust’s stock after purchasing an additional 85,359 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.55% of Equity Lifestyle Properties worth $65,935,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

ELS has been the subject of a number of recent analyst reports. Evercore ISI reduced their target price on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company reduced their price objective 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. One investment 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.14.

Equity Lifestyle Properties Stock Down 0.7%

ELS stock opened at $62.00 on Friday. The firm’s 50-day moving average is $61.88 and its two-hundred day moving average is $61.65. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 3.48 and a beta of 0.78. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.55. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting 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 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 firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 103.52%.

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.