Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Fermata Advisors LLC

Fermata Advisors LLC increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 471.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,933 shares of the real estate investment trust’s stock after buying an additional 28,000 shares during the quarter. Fermata Advisors LLC’s holdings in Equity Lifestyle Properties were worth $2,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. State Street Corp increased its stake in shares of Equity Lifestyle Properties by 1.8% in the 2nd quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust’s stock worth $824,943,000 after acquiring an additional 237,090 shares during the last quarter. Victory Capital Management Inc. increased its position in Equity Lifestyle Properties by 32.5% during the third quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after purchasing an additional 1,674,281 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in 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 purchasing an additional 2,868,678 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Equity Lifestyle Properties by 12.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock valued at $291,363,000 after purchasing an additional 515,063 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Equity Lifestyle Properties by 253.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after buying an additional 2,257,299 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Activity

In related news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the completion of the transaction, the director directly owned 14,890 shares of the company’s stock, valued at $1,000,905.80. The trade was a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Bank of America upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Tuesday, February 3rd. Robert W. Baird set a $73.00 target price on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Wall Street Zen lowered shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Barclays reiterated an “overweight” rating and set a $71.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Equity Lifestyle Properties has a consensus rating of “Hold” and an average price target of $69.63.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $64.21 on Friday. The company has a market cap of $12.45 billion, a P/E ratio of 31.94, a PEG ratio of 3.57 and a beta of 0.75. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $69.15. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average price is $65.66 and its 200 day moving average price is $62.92.

Equity Lifestyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.5425 dividend. The ex-dividend date is Friday, March 27th. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s payout ratio is 102.49%.

About Equity Lifestyle Properties

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.