AMP Capital Investors Ltd Reduces Stake in Equity Lifestyle Properties, Inc. (ELS)

AMP Capital Investors Ltd reduced its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 44.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 633,756 shares of the real estate investment trust’s stock after selling 504,805 shares during the period. AMP Capital Investors Ltd owned approximately 0.72% of Equity Lifestyle Properties worth $53,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in Equity Lifestyle Properties by 9.2% during the second quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 125 shares in the last quarter. Quantbot Technologies LP purchased a new position in Equity Lifestyle Properties during the third quarter valued at $148,000. Pacad Investment Ltd. purchased a new position in Equity Lifestyle Properties during the second quarter valued at $155,000. Parallel Advisors LLC lifted its position in Equity Lifestyle Properties by 3.8% during the second quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 82 shares in the last quarter. Finally, Gofen & Glossberg LLC IL purchased a new position in Equity Lifestyle Properties during the second quarter valued at $215,000. Hedge funds and other institutional investors own 97.86% of the company’s stock.

Equity Lifestyle Properties, Inc. (NYSE:ELS) traded down $0.70 during trading hours on Wednesday, reaching $90.43. The company’s stock had a trading volume of 245,400 shares, compared to its average volume of 373,625. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $8,004.56, a PE ratio of 25.89, a PEG ratio of 4.89 and a beta of 0.30. Equity Lifestyle Properties, Inc. has a twelve month low of $69.01 and a twelve month high of $91.50.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.34). The business had revenue of $241.63 million for the quarter, compared to the consensus estimate of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. Equity Lifestyle Properties’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.488 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 2.16%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 93.30%.

Several research firms recently weighed in on ELS. Robert W. Baird downgraded Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 target price on the stock. in a research report on Friday, September 8th. Evercore ISI upgraded Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research report on Monday. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, September 5th. BMO Capital Markets reiterated a “hold” rating and set a $94.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, November 27th. Finally, BidaskClub upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $88.00.

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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.

Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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