Lifestyle

Equity Lifestyle Properties, Inc. (NYSE:ELS) Holdings Boosted by Dimensional Fund Advisors LP


Dimensional Fund Advisors LP increased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,252,321 shares of the real estate investment trust’s stock after purchasing an additional 7,061 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.40% of Equity Lifestyle Properties worth $120,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FDx Advisors Inc. acquired a new stake in Equity Lifestyle Properties during the 3rd quarter worth about $748,000. Great West Life Assurance Co. Can boosted its stake in shares of Equity Lifestyle Properties by 10.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 62,999 shares of the real estate investment trust’s stock worth $6,079,000 after acquiring an additional 5,706 shares in the last quarter. Rothschild & Co. Asset Management US Inc. boosted its stake in shares of Equity Lifestyle Properties by 2.1% during the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 626,913 shares of the real estate investment trust’s stock worth $60,466,000 after acquiring an additional 13,118 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Equity Lifestyle Properties by 8.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,703,077 shares of the real estate investment trust’s stock worth $164,261,000 after acquiring an additional 135,453 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Equity Lifestyle Properties by 915.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 60,900 shares of the real estate investment trust’s stock worth $5,874,000 after acquiring an additional 54,900 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

In related news, EVP Roger Maynard sold 10,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $96.71, for a total value of $967,100.00. Following the completion of the sale, the executive vice president now directly owns 146,389 shares of the company’s stock, valued at $14,157,280.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by insiders.

ELS has been the topic of several recent analyst reports. Bank of America increased their target price on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the stock a “buy” rating in a research note on Monday, September 17th. ValuEngine raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Wednesday, November 21st. Citigroup set a $107.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Wednesday, December 12th. Finally, BMO Capital Markets raised their target price on shares of Equity Lifestyle Properties from $96.00 to $99.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 23rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $99.79.

Shares of NYSE:ELS traded down $0.03 during trading on Friday, hitting $96.36. The company’s stock had a trading volume of 368,042 shares, compared to its average volume of 388,590. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 4.27 and a beta of 0.19. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.23. Equity Lifestyle Properties, Inc. has a fifty-two week low of $79.78 and a fifty-two week high of $104.05.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The business had revenue of $256.70 million during the quarter, compared to analysts’ expectations of $240.19 million. During the same period in the previous year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Equity Lifestyle Properties, Inc. will post 3.9 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be given a $0.55 dividend. The ex-dividend date is Thursday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 2.28%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 61.11%.

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Equity Lifestyle Properties Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

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

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