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%.
TRADEMARK VIOLATION WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/12/06/uniplan-investment-counsel-inc-purchases-new-position-in-equity-lifestyle-properties-inc-els.html.
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.
Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS).
Receive News & Ratings for Equity Lifestyle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.