UBS Group AG raised its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 40.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,485 shares of the real estate investment trust’s stock after buying an additional 3,625 shares during the period. UBS Group AG’s holdings in Equity Lifestyle Properties were worth $962,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Tudor Investment Corp Et Al purchased a new stake in shares of Equity Lifestyle Properties during the fourth quarter valued at $203,000. Resolution Capital Ltd increased its stake in shares of Equity Lifestyle Properties by 19.4% in the first quarter. Resolution Capital Ltd now owns 1,388,534 shares of the real estate investment trust’s stock valued at $107,000,000 after buying an additional 226,050 shares during the period. Vanguard Group Inc. increased its stake in shares of Equity Lifestyle Properties by 2.6% in the first quarter. Vanguard Group Inc. now owns 12,493,430 shares of the real estate investment trust’s stock valued at $962,743,000 after buying an additional 312,465 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Equity Lifestyle Properties by 22.5% in the first quarter. Asset Management One Co. Ltd. now owns 238,027 shares of the real estate investment trust’s stock valued at $18,286,000 after buying an additional 43,717 shares during the period. Finally, Capstone Asset Management Co. bought a new stake in Equity Lifestyle Properties during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 96.34% of the company’s stock.
Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) opened at 87.68 on Friday. The stock’s 50 day moving average is $86.10 and its 200-day moving average is $80.64. The stock has a market cap of $7.63 billion, a PE ratio of 43.51 and a beta of 0.31. Equity Lifestyle Properties, Inc. has a 1-year low of $65.87 and a 1-year high of $88.16.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The business had revenue of $221.30 million during the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, analysts predict that Equity Lifestyle Properties, Inc. will post $2.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.4875 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, September 28th. Equity Lifestyle Properties’s payout ratio is 97.02%.
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Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Thursday. Cantor Fitzgerald reissued a “neutral” rating and set a $81.00 target price (up previously from $75.00) on shares of Equity Lifestyle Properties in a report on Saturday, July 22nd. Finally, Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $83.25.
In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,608 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $82.11, for a total transaction of $132,032.88. Following the sale, the insider now owns 57,265 shares in the company, valued at approximately $4,702,029.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Samuel Zell acquired 805,333 shares of the business’s stock in a transaction on Friday, July 21st. The shares were bought at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The disclosure for this purchase can be found here. 6.10% of the stock is currently owned by corporate insiders.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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