Equity Lifestyle Properties, Inc. $ELS Position Boosted by Amundi

Amundi grew its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 143.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 703,950 shares of the real estate investment trust’s stock after purchasing an additional 414,721 shares during the period. Amundi owned approximately 0.36% of Equity Lifestyle Properties worth $43,391,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP increased its stake in Equity Lifestyle Properties by 588.6% during the 2nd quarter. First Trust Advisors LP now owns 703,723 shares of the real estate investment trust’s stock valued at $43,399,000 after buying an additional 601,528 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Equity Lifestyle Properties by 213.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,509 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 2,390 shares in the last quarter. Groupe la Francaise increased its stake in shares of Equity Lifestyle Properties by 0.6% during the second quarter. Groupe la Francaise now owns 52,354 shares of the real estate investment trust’s stock valued at $3,214,000 after acquiring an additional 287 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Equity Lifestyle Properties by 8.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,069,162 shares of the real estate investment trust’s stock valued at $65,935,000 after acquiring an additional 85,359 shares during the period. Finally, Lido Advisors LLC bought a new stake in Equity Lifestyle Properties during the second quarter worth approximately $713,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

ELS has been the topic of several research analyst reports. Evercore ISI lowered their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley decreased 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. Royal Bank Of Canada raised Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and lifted their target price for the stock from $66.00 to $70.00 in a report on Monday. 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. Finally, Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $60.47 on Wednesday. The company’s fifty day moving average is $61.94 and its two-hundred day moving average is $61.54. The company has a market cap of $11.72 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.78. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $70.43. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $393.31 million during the quarter, compared to analyst estimates of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a $0.515 dividend. The ex-dividend date is Friday, December 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio is presently 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.