Toronto Dominion Bank Sells 1,717 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Toronto Dominion Bank reduced its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 53,390 shares of the real estate investment trust’s stock after selling 1,717 shares during the quarter. Toronto Dominion Bank’s holdings in Equity LifeStyle Properties were worth $3,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Equity LifeStyle Properties by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,769,322 shares of the real estate investment trust’s stock valued at $205,544,000 after purchasing an additional 31,115 shares during the period. Vanguard Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 24,427,262 shares of the real estate investment trust’s stock valued at $1,815,189,000 after purchasing an additional 121,998 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Equity LifeStyle Properties by 25.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,269 shares of the real estate investment trust’s stock valued at $107,471,000 after purchasing an additional 291,051 shares during the period. Vident Investment Advisory LLC lifted its stake in shares of Equity LifeStyle Properties by 2.3% in the 2nd quarter. Vident Investment Advisory LLC now owns 18,230 shares of the real estate investment trust’s stock valued at $1,355,000 after purchasing an additional 412 shares during the period. Finally, FMR LLC lifted its stake in shares of Equity LifeStyle Properties by 18.3% in the 2nd quarter. FMR LLC now owns 14,413,129 shares of the real estate investment trust’s stock valued at $1,071,039,000 after purchasing an additional 2,226,950 shares during the period. Institutional investors own 91.32% of the company’s stock.

ELS has been the subject of a number of recent research reports. Colliers Securities reiterated a “buy” rating on shares of Equity LifeStyle Properties in a research note on Thursday, September 2nd. Zacks Investment Research cut Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 5th. Royal Bank of Canada lifted their price objective on Equity LifeStyle Properties from $75.00 to $82.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 21st. Barclays started coverage on Equity LifeStyle Properties in a report on Wednesday, September 1st. They issued an “overweight” rating and a $92.00 target price for the company. Finally, Robert W. Baird lifted their target price on Equity LifeStyle Properties from $74.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, July 22nd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $81.50.

NYSE:ELS opened at $83.79 on Thursday. The stock has a 50-day simple moving average of $82.66 and a two-hundred day simple moving average of $76.36. Equity LifeStyle Properties, Inc. has a 52-week low of $57.93 and a 52-week high of $88.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $15.28 billion, a PE ratio of 63.48, a P/E/G ratio of 6.49 and a beta of 0.50.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Sunday, July 18th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Equity LifeStyle Properties had a return on equity of 18.54% and a net margin of 20.64%. The business had revenue of $317.42 million for the quarter, compared to the consensus estimate of $262.68 million. During the same period in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. Equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 8th. Stockholders of record on Friday, September 24th were given a $0.363 dividend. The ex-dividend date of this dividend was Thursday, September 23rd. This represents a $1.45 annualized dividend and a dividend yield of 1.73%. Equity LifeStyle Properties’s payout ratio is 66.82%.

Equity LifeStyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations; and Home Sales and Rentals Operations.

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

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