Swiss Life Asset Management Ltd Has $750,000 Stock Position in Equity Lifestyle Properties, Inc. $ELS

Swiss Life Asset Management Ltd decreased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 78.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,375 shares of the real estate investment trust’s stock after selling 44,242 shares during the period. Swiss Life Asset Management Ltd’s holdings in Equity Lifestyle Properties were worth $750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Equity Lifestyle Properties by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock worth $1,544,190,000 after buying an additional 592,013 shares in the last quarter. Victory Capital Management Inc. lifted its position in Equity Lifestyle Properties by 32.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after buying an additional 1,674,281 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Equity Lifestyle Properties by 114.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock worth $326,272,000 after buying an additional 2,868,678 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Equity Lifestyle Properties by 253.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock worth $191,025,000 after buying an additional 2,257,299 shares in the last quarter. Finally, Boston Partners lifted its position in Equity Lifestyle Properties by 2.1% during the 3rd quarter. Boston Partners now owns 2,902,967 shares of the real estate investment trust’s stock worth $176,227,000 after buying an additional 60,852 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Buying and Selling at Equity Lifestyle Properties

In related news, Director David J. Contis sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. This trade represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is owned by corporate insiders.

Equity Lifestyle Properties Stock Performance

Shares of NYSE:ELS opened at $61.12 on Friday. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 3.72 and a beta of 0.69. The firm’s 50 day simple moving average is $64.27 and its 200 day simple moving average is $63.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The firm had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, sell-side analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Wall Street Analyst Weigh In

ELS has been the topic of a number of research reports. Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Zelman & Associates initiated coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They set an “underperform” rating and a $59.25 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, April 15th. Barclays cut their target price on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Robert W. Baird upped their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.27.

Equity Lifestyle Properties 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.