Allianz Asset Management GmbH decreased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 20.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,017 shares of the real estate investment trust’s stock after selling 44,460 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Equity Lifestyle Properties worth $14,805,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Equity Lifestyle Properties by 2,051.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,010,984 shares of the real estate investment trust’s stock worth $173,664,000 after buying an additional 1,917,506 shares during the period. Capital Growth Management LP lifted its holdings in Equity Lifestyle Properties by 900.0% during the 3rd quarter. Capital Growth Management LP now owns 500,000 shares of the real estate investment trust’s stock worth $42,540,000 after buying an additional 450,000 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Equity Lifestyle Properties by 18.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock worth $187,683,000 after buying an additional 345,194 shares during the period. Vanguard Group Inc. lifted its holdings in Equity Lifestyle Properties by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock worth $1,108,326,000 after buying an additional 343,326 shares during the period. Finally, Koch Industries Inc. acquired a new position in Equity Lifestyle Properties during the 2nd quarter worth about $337,000. 97.86% of the stock is currently owned by institutional investors.
Several brokerages have commented on ELS. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $81.00 target price on shares of Equity Lifestyle Properties in a report on Monday, October 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $94.00 target price on shares of Equity Lifestyle Properties in a report on Monday, November 27th. Robert W. Baird reaffirmed a “hold” rating and set a $95.00 target price on shares of Equity Lifestyle Properties in a report on Monday. Finally, Evercore ISI raised Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a report on Monday, December 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Equity Lifestyle Properties currently has an average rating of “Hold” and an average target price of $88.50.
Equity Lifestyle Properties, Inc. (ELS) opened at $91.24 on Thursday. The stock has a market capitalization of $8,030.04, a PE ratio of 25.97, a PEG ratio of 4.91 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. Equity Lifestyle Properties, Inc. has a 52 week low of $69.03 and a 52 week high of $91.90.
Equity Lifestyle Properties (NYSE:ELS) last announced 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). 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 for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 28th. Equity Lifestyle Properties’s payout ratio is currently 93.30%.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/12/14/allianz-asset-management-gmbh-sells-44460-shares-of-equity-lifestyle-properties-inc-els.html.
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.
Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.