Buckhead Capital Management LLC Boosts Holdings in Equity Lifestyle Properties, Inc. $ELS

Buckhead Capital Management LLC raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 36.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,678 shares of the real estate investment trust’s stock after acquiring an additional 15,673 shares during the period. Buckhead Capital Management LLC’s holdings in Equity Lifestyle Properties were worth $3,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its holdings 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 valued at $29,000 after purchasing an additional 384 shares during the last quarter. Allworth Financial LP raised its stake in Equity Lifestyle Properties by 204.1% in the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 443 shares during the last quarter. IFP Advisors Inc boosted its holdings in Equity Lifestyle Properties by 874.7% in the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 761 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Equity Lifestyle Properties during the first quarter worth about $61,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Equity Lifestyle Properties by 12.3% during the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 178 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Trading Down 1.3%

Shares of Equity Lifestyle Properties stock opened at $61.70 on Friday. The stock has a market cap of $11.96 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.48 and a beta of 0.78. The firm has a fifty day moving average price of $61.92 and a 200 day moving average price of $61.48. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $70.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results 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. The company had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. Equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley lowered their target price on shares of 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. Evercore ISI lowered their price objective on shares of 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. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. Royal Bank Of Canada upgraded Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $66.00 to $70.00 in a research note on Monday, December 8th. Finally, Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

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.