NewEdge Advisors LLC Has $3.68 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

NewEdge Advisors LLC increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 655,333.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,989 shares of the real estate investment trust’s stock after buying an additional 58,980 shares during the quarter. NewEdge Advisors LLC’s holdings in Equity Lifestyle Properties were worth $3,682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Empowered Funds LLC boosted its stake in Equity Lifestyle Properties by 3.5% in the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 169 shares in the last quarter. Bessemer Group Inc. raised its stake in Equity Lifestyle Properties by 30.3% during the first quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 171 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Equity Lifestyle Properties by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock valued at $2,628,000 after acquiring an additional 172 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 3.7% during 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 acquiring an additional 178 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Equity Lifestyle Properties by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Down 0.3%

Shares of ELS opened at $63.86 on Thursday. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 3.73 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.02 and a current ratio of 0.02. The business’s fifty day moving average price is $64.42 and its two-hundred day moving average price is $64.52. Equity Lifestyle Properties, Inc. has a 52 week low of $58.72 and a 52 week high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The firm had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 3.19 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is 104.33%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ELS shares. Robert W. Baird upped their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a report on Thursday, July 9th. Weiss Ratings lowered shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Barclays reaffirmed an “equal weight” rating and set a $68.00 price target on shares of Equity Lifestyle Properties in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.45.

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.