Equity Lifestyle Properties, Inc. $ELS Shares Bought by PGGM Investments

PGGM Investments lifted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 7.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,041,332 shares of the real estate investment trust’s stock after buying an additional 149,066 shares during the quarter. Equity Lifestyle Properties makes up 2.0% of PGGM Investments’ portfolio, making the stock its 17th biggest position. PGGM Investments’ holdings in Equity Lifestyle Properties were worth $123,909,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ELS. Allworth Financial LP raised its stake in Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 443 shares during the period. IFP Advisors Inc grew its holdings in shares of 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 purchasing an additional 761 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Equity Lifestyle Properties by 27.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 269 shares during the period. Farther Finance Advisors LLC raised its position in shares of Equity Lifestyle Properties by 12.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 178 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Equity Lifestyle Properties by 10.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ELS. Barclays restated an “overweight” rating and set a $68.00 price objective on shares of Equity Lifestyle Properties in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. UBS Group set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday, January 8th. Evercore ISI cut their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Finally, Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.29.

Equity Lifestyle Properties Trading Up 0.6%

Shares of ELS stock opened at $62.10 on Friday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $70.35. The firm has a market capitalization of $12.04 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. The stock has a fifty day moving average of $61.61 and a two-hundred day moving average of $61.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $393.31 million for the quarter, compared to analysts’ expectations 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 revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. As a group, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 103.52%.

About Equity Lifestyle Properties

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.