Intech Investment Management LLC Acquires 38,973 Shares of Equity Lifestyle Properties, Inc. $ELS

Intech Investment Management LLC grew its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 116.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,410 shares of the real estate investment trust’s stock after acquiring an additional 38,973 shares during the period. Intech Investment Management LLC’s holdings in Equity Lifestyle Properties were worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M&G PLC lifted its position in Equity Lifestyle Properties by 8.2% during the third quarter. M&G PLC now owns 3,293 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 249 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Equity Lifestyle Properties by 27.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 269 shares during the period. Profund Advisors LLC lifted its position in shares of Equity Lifestyle Properties by 6.9% during the 3rd quarter. Profund Advisors LLC now owns 4,425 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 285 shares in the last quarter. Groupe la Francaise lifted its position in shares of Equity Lifestyle Properties by 0.6% during the 2nd quarter. Groupe la Francaise now owns 52,354 shares of the real estate investment trust’s stock valued at $3,214,000 after buying an additional 287 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Equity Lifestyle Properties by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 46,000 shares of the real estate investment trust’s stock valued at $2,837,000 after acquiring an additional 300 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on ELS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. Barclays restated an “overweight” rating and set a $71.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft lowered Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Tuesday, January 20th. BMO Capital Markets restated an “outperform” rating and issued a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $70.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.42.

Equity Lifestyle Properties Stock Performance

ELS opened at $67.25 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 3.73 and a beta of 0.75. The company has a fifty day moving average of $63.71 and a 200 day moving average of $62.18. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $70.35.

Equity Lifestyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.2%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, March 27th. Equity Lifestyle Properties’s payout ratio is presently 102.49%.

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.