Equity Lifestyle Properties, Inc. $ELS Shares Acquired by Vestcor Inc

Vestcor Inc increased its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1,179.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,531 shares of the real estate investment trust’s stock after buying an additional 49,347 shares during the quarter. Vestcor Inc’s holdings in Equity Lifestyle Properties were worth $3,245,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Equity Lifestyle Properties by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock valued at $1,544,190,000 after purchasing an additional 592,013 shares during the period. Victory Capital Management Inc. grew its position in Equity Lifestyle Properties by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock valued at $414,194,000 after buying an additional 1,674,281 shares in the last quarter. Geode Capital Management LLC increased its stake in Equity Lifestyle Properties by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock valued at $285,048,000 after buying an additional 100,364 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Equity Lifestyle Properties by 16.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,656,490 shares of the real estate investment trust’s stock worth $221,619,000 after buying an additional 509,442 shares in the last quarter. Finally, Boston Partners raised its position in shares of 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 own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 1.0%

Equity Lifestyle Properties stock opened at $62.41 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $69.00. The firm’s 50 day moving average price is $63.11 and its two-hundred day moving average price is $63.56.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.28). The company had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. On average, research analysts predict that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, June 26th. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho started coverage on Equity Lifestyle Properties in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 target price for the company. Robert W. Baird lifted their price target on Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Wells Fargo & Company lowered their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.20.

Insider Buying and Selling

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.80% of the company’s stock.

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.