Aew Capital Management L P Sells 49,293 Shares of Equity Lifestyle Properties, Inc. $ELS

Aew Capital Management L P lessened its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 28.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 126,810 shares of the real estate investment trust’s stock after selling 49,293 shares during the period. Aew Capital Management L P owned 0.07% of Equity Lifestyle Properties worth $7,697,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Bessemer Group Inc. grew its stake in shares of Equity Lifestyle Properties by 126.9% during the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 321 shares during the period. Allworth Financial LP lifted 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 period. Smartleaf Asset Management LLC grew its position in shares of Equity Lifestyle Properties by 81.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 840 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 378 shares during the period. Wilmington Savings Fund Society FSB increased 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 acquiring an additional 269 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Equity Lifestyle Properties by 21.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,974 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 354 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Performance

ELS opened at $68.29 on Wednesday. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 3.77 and a beta of 0.76. The business’s 50-day moving average price is $63.36 and its two-hundred day moving average price is $62.03. 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 0.30, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.17 annualized dividend and a dividend yield of 3.2%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 102.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday, February 3rd. Zacks Research lowered shares of Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Finally, Barclays reissued an “overweight” rating and issued a $71.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and an average price target of $70.27.

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.