Kayne Anderson Rudnick Investment Management LLC Has $2.95 Million Position in Equity Lifestyle Properties, Inc. (ELS)

Kayne Anderson Rudnick Investment Management LLC trimmed its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,649 shares of the real estate investment trust’s stock after selling 4,087 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Equity Lifestyle Properties were worth $2,948,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in Equity Lifestyle Properties by 10.0% during the third quarter. Russell Investments Group Ltd. now owns 619,801 shares of the real estate investment trust’s stock worth $52,740,000 after buying an additional 56,303 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Equity Lifestyle Properties by 5.8% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 81,925 shares of the real estate investment trust’s stock worth $6,970,000 after buying an additional 4,485 shares in the last quarter. Bank of New York Mellon Corp grew its position in Equity Lifestyle Properties by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 509,722 shares of the real estate investment trust’s stock worth $43,366,000 after buying an additional 17,790 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Equity Lifestyle Properties during the third quarter worth about $710,000. Finally, Rhumbline Advisers grew its position in Equity Lifestyle Properties by 10.5% during the third quarter. Rhumbline Advisers now owns 125,528 shares of the real estate investment trust’s stock worth $10,680,000 after buying an additional 11,971 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.

Equity Lifestyle Properties, Inc. (ELS) opened at $89.08 on Friday. Equity Lifestyle Properties, Inc. has a fifty-two week low of $66.66 and a fifty-two week high of $90.86. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $7,824.52, a PE ratio of 25.31, a PEG ratio of 4.78 and a beta of 0.31.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.488 dividend. 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 dividend yield of 2.19%. The ex-dividend date is Thursday, December 28th. Equity Lifestyle Properties’s dividend payout ratio is presently 93.30%.

Several equities analysts recently commented on the company. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Citigroup Inc. boosted their target price on Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Cantor Fitzgerald restated a “hold” rating and set a $81.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, October 16th. BMO Capital Markets assumed coverage on Equity Lifestyle Properties in a research report on Monday, October 9th. They set a “market perform” rating and a $92.00 target price for the company. Finally, Robert W. Baird cut Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 target price for the company. in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $87.67.

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Equity Lifestyle Properties Profile

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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