Anchor Capital Advisors LLC reduced its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 53.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,460 shares of the real estate investment trust’s stock after selling 2,800 shares during the period. Anchor Capital Advisors LLC’s holdings in Equity Lifestyle Properties were worth $212,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of ELS. Macquarie Group Ltd. raised its position in shares of Equity Lifestyle Properties by 3.2% in the first quarter. Macquarie Group Ltd. now owns 356,050 shares of the real estate investment trust’s stock valued at $27,437,000 after buying an additional 10,912 shares in the last quarter. UBS Group AG raised its position in shares of Equity Lifestyle Properties by 40.9% in the first quarter. UBS Group AG now owns 12,485 shares of the real estate investment trust’s stock valued at $962,000 after buying an additional 3,625 shares in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. BlackRock Inc. raised its position in shares of Equity Lifestyle Properties by 4,674.0% in the first quarter. BlackRock Inc. now owns 6,050,846 shares of the real estate investment trust’s stock valued at $466,277,000 after buying an additional 5,924,100 shares in the last quarter. Finally, Resolution Capital Ltd raised its position 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 in the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.
Equity Lifestyle Properties, Inc. (ELS) traded down 0.03% during midday trading on Friday, hitting $87.36. The stock had a trading volume of 361,926 shares. Equity Lifestyle Properties, Inc. has a 1-year low of $65.87 and a 1-year high of $88.16. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 43.35 and a beta of 0.31. The company’s 50 day moving average is $86.52 and its 200 day moving average is $82.04.
Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. The business had revenue of $221.30 million for the quarter, compared to analysts’ expectations of $209.80 million. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. On average, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post $2.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.4875 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.95 dividend on an annualized basis and a yield of 2.23%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 97.02%.
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ELS has been the topic of several research reports. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Thursday, June 1st. BidaskClub lowered Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $81.00 price target (up from $75.00) on shares of Equity Lifestyle Properties in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Equity Lifestyle Properties has an average rating of “Hold” and a consensus price target of $83.25.
In other news, Chairman Samuel Zell acquired 805,333 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average cost of $87.43 per share, with a total value of $70,410,264.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.10% of the company’s stock.
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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