Commerzbank Aktiengesellschaft FI Acquires New Shares in Equity Lifestyle Properties, Inc. $ELS

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,853 shares of the real estate investment trust’s stock, valued at approximately $506,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Equity Lifestyle Properties by 11.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock worth $20,206,000 after purchasing an additional 34,946 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Equity Lifestyle Properties by 1,104.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust’s stock worth $40,794,000 after buying an additional 617,202 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Equity Lifestyle Properties by 13.4% in the 4th quarter. Legal & General Group Plc now owns 1,365,902 shares of the real estate investment trust’s stock worth $82,787,000 after buying an additional 161,210 shares during the last quarter. BROOKFIELD Corp ON purchased a new stake in shares of Equity Lifestyle Properties during the 1st quarter valued at $19,429,000. Finally, Resolution Capital Ltd lifted its holdings in shares of Equity Lifestyle Properties by 3.3% during the 1st quarter. Resolution Capital Ltd now owns 1,885,292 shares of the real estate investment trust’s stock worth $117,680,000 after acquiring an additional 59,809 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $64.57 on Wednesday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $64.64 and a 200-day moving average price of $64.58. Equity Lifestyle Properties, Inc. has a 52 week low of $58.72 and a 52 week high of $69.00. The firm has a market capitalization of $12.53 billion, a PE ratio of 31.04, a P/E/G ratio of 3.82 and a beta of 0.64.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.22). The business had revenue of $397.81 million during the quarter, compared to analysts’ expectations of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. Equity Lifestyle Properties’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a dividend of $0.5425 per share. The ex-dividend date is Friday, September 25th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 104.33%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a report on Thursday, July 9th. Robert W. Baird increased their price target 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. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $68.52.

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.