Allstate Corp Has $1.11 Million Stake in Equity Lifestyle Properties, Inc. $ELS

Allstate Corp increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 95.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,354 shares of the real estate investment trust’s stock after purchasing an additional 8,984 shares during the quarter. Allstate Corp’s holdings in Equity Lifestyle Properties were worth $1,114,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Amalgamated Bank boosted its position in Equity Lifestyle Properties by 1.3% in the 3rd quarter. Amalgamated Bank now owns 89,112 shares of the real estate investment trust’s stock valued at $5,409,000 after buying an additional 1,170 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Equity Lifestyle Properties by 114.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock worth $326,272,000 after acquiring an additional 2,868,678 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Equity Lifestyle Properties during the third quarter valued at $301,000. PGGM Investments lifted its stake in shares of Equity Lifestyle Properties by 7.9% during the third quarter. PGGM Investments now owns 2,041,332 shares of the real estate investment trust’s stock valued at $123,909,000 after acquiring an additional 149,066 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of Equity Lifestyle Properties by 27.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

ELS stock opened at $63.02 on Thursday. The stock has a 50-day moving average price of $61.69 and a two-hundred day moving average price of $61.26. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $70.35. The stock has a market cap of $12.21 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 3.34 and a beta of 0.77. 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 posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.Equity Lifestyle Properties’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. Equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders 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 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is 103.52%.

Wall Street Analyst Weigh In

Several analysts have commented on ELS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Barclays reissued an “overweight” rating and issued a $68.00 target price on shares of Equity Lifestyle Properties in a research note on Tuesday, January 13th. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.46.

Equity Lifestyle Properties Company 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.