Spirit of America Management Corp NY decreased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.0% during the first quarter, HoldingsChannel reports. The firm owned 21,250 shares of the real estate investment trust’s stock after selling 1,350 shares during the quarter. Spirit of America Management Corp NY’s holdings in Equity Lifestyle Properties were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of ELS. Ffcm LLC acquired a new position in Equity Lifestyle Properties during the 4th quarter valued at approximately $27,000. We Are One Seven LLC acquired a new position in Equity Lifestyle Properties during the 4th quarter valued at approximately $29,000. Advisor Group Inc. increased its stake in Equity Lifestyle Properties by 29.8% during the 4th quarter. Advisor Group Inc. now owns 1,664 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 382 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Equity Lifestyle Properties during the 4th quarter valued at approximately $206,000. Finally, Surevest Inc. acquired a new position in Equity Lifestyle Properties during the 4th quarter valued at approximately $275,000. Institutional investors and hedge funds own 95.77% of the company’s stock.
A number of research analysts have issued reports on ELS shares. Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. BMO Capital Markets restated a “hold” rating and set a $104.00 price target on shares of Equity Lifestyle Properties in a research note on Monday, January 28th. Finally, Wells Fargo & Co lowered shares of Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a research note on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of $107.75.
In other news, Director David J. Contis sold 6,581 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $105.53, for a total value of $694,492.93. Following the sale, the director now owns 1,378 shares in the company, valued at $145,420.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by corporate insiders.
Shares of NYSE:ELS traded down $0.57 during midday trading on Wednesday, reaching $111.74. The company’s stock had a trading volume of 5,560 shares, compared to its average volume of 320,070. The firm has a market capitalization of $10.42 billion, a P/E ratio of 28.94, a PEG ratio of 3.98 and a beta of 0.35. Equity Lifestyle Properties, Inc. has a twelve month low of $85.97 and a twelve month high of $117.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.04 and a quick ratio of 0.04.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.41). The business had revenue of $243.50 million during the quarter, compared to analyst estimates of $232.05 million. Equity Lifestyle Properties had a return on equity of 19.46% and a net margin of 22.62%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 4.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.6125 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. Equity Lifestyle Properties’s dividend payout ratio is presently 63.31%.
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Equity Lifestyle Properties Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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