Cwm LLC Has $97,000 Stake in Equity Lifestyle Properties, Inc. $ELS

Cwm LLC reduced its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 91.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,602 shares of the real estate investment trust’s stock after selling 17,176 shares during the period. Cwm LLC’s holdings in Equity Lifestyle Properties were worth $97,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Equity Lifestyle Properties during the second quarter worth about $164,862,000. Royal London Asset Management Ltd. increased its position in Equity Lifestyle Properties by 1,520.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock valued at $109,267,000 after purchasing an additional 1,662,458 shares during the period. Bank of America Corp DE increased its position in Equity Lifestyle Properties by 53.6% during the 2nd quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust’s stock valued at $137,361,000 after purchasing an additional 777,107 shares during the period. Qube Research & Technologies Ltd raised its holdings in Equity Lifestyle Properties by 72.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,722,135 shares of the real estate investment trust’s stock worth $106,204,000 after purchasing an additional 721,779 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Equity Lifestyle Properties by 161.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,044,792 shares of the real estate investment trust’s stock worth $63,889,000 after purchasing an additional 644,860 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Up 2.4%

Shares of NYSE:ELS opened at $63.64 on Friday. The business’s 50 day simple moving average is $61.64 and its two-hundred day simple moving average is $61.24. The firm has a market cap of $12.34 billion, a P/E ratio of 31.98, a PEG ratio of 3.38 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $70.35.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $389.39 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.2%. Equity Lifestyle Properties’s payout ratio is presently 103.52%.

Analyst Upgrades and Downgrades

ELS has been the subject of several recent analyst reports. UBS Group set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday, January 8th. Royal Bank Of Canada upgraded Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $66.00 to $70.00 in a report on Monday, December 8th. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.29.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.