Envestnet Asset Management Inc. Reduces Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Envestnet Asset Management Inc. lessened its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 63.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,049 shares of the real estate investment trust’s stock after selling 5,264 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Equity Lifestyle Properties were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Venturi Wealth Management LLC increased its position in Equity Lifestyle Properties by 5.6% in the first quarter. Venturi Wealth Management LLC now owns 37,047 shares of the real estate investment trust’s stock worth $3,252,000 after buying an additional 1,963 shares in the last quarter. US Bancorp DE increased its position in Equity Lifestyle Properties by 6.7% in the first quarter. US Bancorp DE now owns 10,574 shares of the real estate investment trust’s stock worth $928,000 after buying an additional 665 shares in the last quarter. Riverhead Capital Management LLC increased its position in Equity Lifestyle Properties by 34.5% in the first quarter. Riverhead Capital Management LLC now owns 7,400 shares of the real estate investment trust’s stock worth $649,000 after buying an additional 1,900 shares in the last quarter. Teachers Insurance & Annuity Association of America increased its position in Equity Lifestyle Properties by 21.7% in the first quarter. Teachers Insurance & Annuity Association of America now owns 108,837 shares of the real estate investment trust’s stock worth $9,553,000 after buying an additional 19,381 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. purchased a new stake in Equity Lifestyle Properties in the first quarter worth about $30,248,000. Institutional investors own 96.08% of the company’s stock.

In other Equity Lifestyle Properties news, Chairman Samuel Zell bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The stock was purchased at an average price of $89.56 per share, for a total transaction of $1,791,200.00. Following the completion of the transaction, the chairman now owns 305,427 shares of the company’s stock, valued at approximately $27,354,042.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Contis sold 3,304 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $90.95, for a total value of $300,498.80. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.



A number of analysts have commented on ELS shares. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. TheStreet upgraded Equity Lifestyle Properties from a “c+” rating to a “b-” rating in a research report on Tuesday, May 1st. Finally, ValuEngine cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus price target of $91.00.

NYSE:ELS opened at $90.44 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. Equity Lifestyle Properties, Inc. has a 12-month low of $79.78 and a 12-month high of $93.18. The stock has a market cap of $8.10 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 4.97 and a beta of 0.20.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, April 23rd. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.04. Equity Lifestyle Properties had a return on equity of 20.26% and a net margin of 22.20%. The firm had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $232.72 million. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, June 28th. Equity Lifestyle Properties’s dividend payout ratio is currently 61.11%.

Equity Lifestyle Properties Profile

We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of April 23, 2018, we own or have an interest in 409 quality properties in 32 states and British Columbia consisting of 152,658 sites.

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

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