California Public Employees Retirement System Lowers Stake in Equity Lifestyle Properties, Inc. $ELS

California Public Employees Retirement System lowered its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 739,372 shares of the real estate investment trust’s stock after selling 78,135 shares during the period. California Public Employees Retirement System owned approximately 0.38% of Equity Lifestyle Properties worth $45,597,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ELS. Brooklyn Investment Group increased its holdings in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 384 shares during the last quarter. Allworth Financial LP grew 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 worth $41,000 after purchasing an additional 443 shares in the last quarter. National Pension Service increased its holdings in Equity Lifestyle Properties by 75.0% in the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 276 shares during the last quarter. IFP Advisors Inc raised its stake in Equity Lifestyle Properties by 874.7% during the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 761 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Equity Lifestyle Properties during the 1st quarter worth approximately $61,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Morgan Stanley decreased their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Royal Bank Of Canada raised shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $66.00 to $70.00 in a research report on Monday. Finally, Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Equity Lifestyle Properties Stock Performance

ELS opened at $60.47 on Wednesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $61.94 and its 200-day moving average is $61.54. The stock has a market cap of $11.72 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.78. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $70.43.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. During the same quarter in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio is currently 103.52%.

Equity Lifestyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.