Equity Lifestyle Properties, Inc. (ELS) Shares Bought by Amalgamated Bank

Amalgamated Bank boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,727 shares of the real estate investment trust’s stock after buying an additional 1,460 shares during the quarter. Amalgamated Bank’s holdings in Equity Lifestyle Properties were worth $1,556,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ELS. Wells Fargo & Company MN boosted its stake in Equity Lifestyle Properties by 15.4% during the fourth quarter. Wells Fargo & Company MN now owns 92,103 shares of the real estate investment trust’s stock worth $8,199,000 after buying an additional 12,277 shares during the period. State of Wisconsin Investment Board boosted its stake in Equity Lifestyle Properties by 113.0% during the fourth quarter. State of Wisconsin Investment Board now owns 35,277 shares of the real estate investment trust’s stock worth $3,140,000 after buying an additional 18,715 shares during the period. Bank of New York Mellon Corp boosted its stake in Equity Lifestyle Properties by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 517,660 shares of the real estate investment trust’s stock worth $46,083,000 after buying an additional 7,938 shares during the period. BlackRock Inc. boosted its stake in Equity Lifestyle Properties by 1.3% during the fourth quarter. BlackRock Inc. now owns 6,571,795 shares of the real estate investment trust’s stock worth $585,020,000 after buying an additional 84,939 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Equity Lifestyle Properties by 13.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 213,462 shares of the real estate investment trust’s stock worth $19,002,000 after buying an additional 25,385 shares during the period. 96.21% of the stock is owned by institutional investors.

NYSE ELS opened at $91.31 on Wednesday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.18. Equity Lifestyle Properties, Inc. has a one year low of $79.78 and a one year high of $93.18. The company has a market capitalization of $8.13 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 4.98 and a beta of 0.20.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, June 28th. Equity Lifestyle Properties’s payout ratio is 61.11%.

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

ELS has been the subject of several research analyst reports. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Wednesday, March 28th. ValuEngine raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, TheStreet raised shares of Equity Lifestyle Properties from a “c+” rating to a “b-” rating in a research note on Tuesday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Equity Lifestyle Properties presently has a consensus rating of “Hold” and an average target price of $91.00.

About Equity Lifestyle Properties

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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