Equity Lifestyle Properties, Inc. $ELS Shares Bought by DNB Asset Management AS

DNB Asset Management AS raised its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 40.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,651 shares of the real estate investment trust’s stock after acquiring an additional 12,573 shares during the period. DNB Asset Management AS’s holdings in Equity Lifestyle Properties were worth $2,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in Equity Lifestyle Properties in the third quarter valued at approximately $25,000. GoalVest Advisory LLC acquired a new position in Equity Lifestyle Properties in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its stake in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares during the period. Fulcrum Asset Management LLP bought a new stake in shares of Equity Lifestyle Properties during the third quarter valued at approximately $34,000. Finally, Bessemer Group Inc. raised its holdings in shares of Equity Lifestyle Properties by 126.9% during the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 321 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the sale, the director owned 14,890 shares of the company’s stock, valued at $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. Bank of America raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, April 15th. Barclays cut their price target on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, 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 report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.27.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $62.95 on Wednesday. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $69.00. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 3.78 and a beta of 0.69. The stock’s 50 day moving average price is $64.07 and its 200 day moving average price is $63.50. 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 (NYSE:ELS) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. During the same period in the previous year, the firm earned $0.57 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 annualized dividend and a yield of 3.4%. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

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.