Equity Lifestyle Properties, Inc. $ELS Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 280,368 shares of the real estate investment trust’s stock after selling 15,113 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Equity Lifestyle Properties worth $17,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in Equity Lifestyle Properties by 1.8% during the 2nd quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust’s stock valued at $824,943,000 after acquiring an additional 237,090 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Equity Lifestyle Properties by 114.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock valued at $326,272,000 after purchasing an additional 2,868,678 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Equity Lifestyle Properties by 12.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock worth $291,363,000 after purchasing an additional 515,063 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Equity Lifestyle Properties by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,071,627 shares of the real estate investment trust’s stock worth $250,491,000 after purchasing an additional 20,600 shares during the last quarter. Finally, Norges Bank purchased a new stake in Equity Lifestyle Properties in the 2nd quarter valued at approximately $164,862,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Up 1.0%

Shares of ELS opened at $67.87 on Monday. The firm has a market cap of $13.15 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.76. The company’s fifty day moving average is $62.46 and its two-hundred day moving average is $61.69. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $70.35. The company has a quick ratio of 0.05, a current ratio of 0.04 and a debt-to-equity ratio of 0.30.

Equity Lifestyle Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of analyst reports. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. Bank of America upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, February 3rd. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. One 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.19.

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.