Miller Howard Investments Inc. NY Invests $39.97 Million in Equity Lifestyle Properties, Inc. $ELS

Miller Howard Investments Inc. NY purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 658,476 shares of the real estate investment trust’s stock, valued at approximately $39,969,000.

Other hedge funds also recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new stake in shares of Equity Lifestyle Properties during the second quarter valued at approximately $1,039,000. Andra AP fonden boosted its stake in Equity Lifestyle Properties by 34.9% during the 2nd quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock valued at $21,733,000 after purchasing an additional 91,100 shares during the last quarter. Creative Planning increased its holdings in shares of Equity Lifestyle Properties by 191.3% in the 2nd quarter. Creative Planning now owns 30,420 shares of the real estate investment trust’s stock worth $1,876,000 after purchasing an additional 19,977 shares in the last quarter. Bahl & Gaynor Inc. raised its stake in shares of Equity Lifestyle Properties by 111.2% in the second quarter. Bahl & Gaynor Inc. now owns 501,534 shares of the real estate investment trust’s stock worth $30,930,000 after purchasing an additional 264,110 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Equity Lifestyle Properties by 23.2% during the second quarter. Westwood Holdings Group Inc. now owns 229,092 shares of the real estate investment trust’s stock valued at $14,128,000 after purchasing an additional 43,089 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $60.83 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.79 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.77. The firm’s 50 day moving average price is $61.55 and its 200-day moving average price is $61.24. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $70.35.

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

Equity Lifestyle Properties Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a 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. Royal Bank Of Canada upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $66.00 to $70.00 in a report on Monday, December 8th. Finally, UBS Group set a $67.00 target price on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and an average target price of $70.21.

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.