Equity Lifestyle Properties, Inc. $ELS Shares Sold by Aristotle Capital Management LLC

Aristotle Capital Management LLC reduced its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,387,812 shares of the real estate investment trust’s stock after selling 530,599 shares during the quarter. Aristotle Capital Management LLC’s holdings in Equity Lifestyle Properties were worth $569,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ELS. Private Advisor Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 3.7% in the third quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 178 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Equity Lifestyle Properties by 1.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock worth $864,000 after purchasing an additional 220 shares in the last quarter. M&G PLC increased its stake in shares of Equity Lifestyle Properties by 8.2% during the 3rd quarter. M&G PLC now owns 3,293 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 249 shares in 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 last quarter. Finally, Gabelli Funds LLC raised its position in shares of Equity Lifestyle Properties by 1.3% during the 3rd quarter. Gabelli Funds LLC now owns 21,327 shares of the real estate investment trust’s stock worth $1,295,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ELS. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. Robert W. Baird set a $73.00 price target on Equity Lifestyle Properties in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Tuesday, January 20th. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.42.

Equity Lifestyle Properties Stock Down 0.1%

ELS stock opened at $67.83 on Friday. The stock has a market capitalization of $13.16 billion, a P/E ratio of 33.75, a PEG ratio of 3.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.28. The company has a 50 day moving average price of $65.06 and a two-hundred day moving average price of $62.70.

Equity Lifestyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.5425 per share. 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 is Friday, March 27th. Equity Lifestyle Properties’s payout ratio is 102.49%.

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.