Russell Investments Group Ltd. lowered its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 30.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,813 shares of the real estate investment trust’s stock after selling 105,181 shares during the period. Russell Investments Group Ltd. owned 0.28% of Equity Lifestyle Properties worth $18,713,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in shares of Equity Lifestyle Properties during the fourth quarter worth about $147,000. Flinton Capital Management LLC purchased a new stake in shares of Equity Lifestyle Properties during the fourth quarter worth about $183,000. Nuveen Fund Advisors LLC purchased a new stake in shares of Equity Lifestyle Properties during the third quarter worth about $201,000. Tudor Investment Corp Et Al purchased a new stake in shares of Equity Lifestyle Properties during the fourth quarter worth about $203,000. Finally, Sit Investment Associates Inc. increased its stake in shares of Equity Lifestyle Properties by 103.8% in the first quarter. Sit Investment Associates Inc. now owns 2,650 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.
Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) opened at 82.31 on Friday. Equity Lifestyle Properties, Inc. has a 12-month low of $65.87 and a 12-month high of $83.19. The firm has a market cap of $7.15 billion, a P/E ratio of 41.57 and a beta of 0.33. The company has a 50-day moving average of $79.92 and a 200 day moving average of $74.96.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, April 17th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Equity Lifestyle Properties had a net margin of 21.50% and a return on equity of 20.43%. The company had revenue of $232.40 million during the quarter, compared to analyst estimates of $218.28 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post $2.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.4875 dividend. This represents a $1.95 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, June 28th. Equity Lifestyle Properties’s payout ratio is currently 88.08%.
A number of analysts have recently issued reports on ELS shares. TheStreet upgraded shares of Equity Lifestyle Properties from a “c+” rating to a “b” rating in a report on Monday, April 17th. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Wednesday, January 25th. Cantor Fitzgerald lifted their target price on shares of Equity Lifestyle Properties from $73.00 to $73.50 and gave the company a “neutral” rating in a report on Friday, January 27th. Finally, Evercore ISI lifted their target price on shares of Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Equity Lifestyle Properties presently has a consensus rating of “Hold” and a consensus target price of $78.25.
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).