Uniplan Investment Counsel Inc. Purchases New Position in Equity Lifestyle Properties, Inc. (ELS)

Uniplan Investment Counsel Inc. purchased a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 193,682 shares of the real estate investment trust’s stock, valued at approximately $16,478,000. Uniplan Investment Counsel Inc. owned approximately 0.22% of Equity Lifestyle Properties at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ELS. Janus Henderson Group PLC lifted its stake in Equity Lifestyle Properties by 2,051.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,010,984 shares of the real estate investment trust’s stock valued at $173,664,000 after buying an additional 1,917,506 shares in the last quarter. Capital Growth Management LP lifted its stake in Equity Lifestyle Properties by 900.0% in the 3rd quarter. Capital Growth Management LP now owns 500,000 shares of the real estate investment trust’s stock valued at $42,540,000 after buying an additional 450,000 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Equity Lifestyle Properties by 18.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock valued at $187,683,000 after buying an additional 345,194 shares in the last quarter. Vanguard Group Inc. lifted its stake in Equity Lifestyle Properties by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock valued at $1,108,326,000 after buying an additional 343,326 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in Equity Lifestyle Properties in the 2nd quarter valued at about $337,000. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

ELS has been the topic of a number of research reports. BidaskClub raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Tuesday, August 22nd. Robert W. Baird downgraded shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective for the company. in a report on Friday, September 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a report on Wednesday, September 13th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $88.00.

Equity Lifestyle Properties, Inc. (NYSE ELS) traded down $0.70 during mid-day trading on Wednesday, reaching $90.43. 245,400 shares of the company’s stock were exchanged, compared to its average volume of 373,625. The firm has a market cap of $8,004.56, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 4.89 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties, Inc. has a 12 month low of $69.01 and a 12 month high of $91.50.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.58 earnings per share for the current year.

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

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Equity Lifestyle Properties Company 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.

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

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