Equity Lifestyle Properties, Inc. $ELS Shares Sold by Hoxton Planning & Management LLC

Hoxton Planning & Management LLC lowered its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 49.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,466 shares of the real estate investment trust’s stock after selling 11,307 shares during the period. Hoxton Planning & Management LLC’s holdings in Equity Lifestyle Properties were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Equity Lifestyle Properties by 1.8% during the second 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. JPMorgan Chase & Co. grew its holdings 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 during the period. Geode Capital Management LLC increased 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. Norges Bank acquired a new stake in shares of Equity Lifestyle Properties during the 2nd quarter worth about $164,862,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Equity Lifestyle Properties by 2.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,654,674 shares of the real estate investment trust’s stock valued at $163,714,000 after buying an additional 57,483 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $66.00 to $70.00 in a report on Monday, December 8th. Wells Fargo & Company cut their target price on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Evercore ISI cut their price objective on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued 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 $70.29.

Equity Lifestyle Properties Stock Up 0.1%

Equity Lifestyle Properties stock opened at $61.01 on Wednesday. The firm has a market capitalization of $11.83 billion, a P/E ratio of 30.66, a P/E/G ratio of 3.24 and a beta of 0.77. The stock’s fifty day simple moving average is $61.57 and its 200-day simple moving average is $61.22. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $70.35. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27.

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

Equity Lifestyle Properties Announces Dividend

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

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.