Vinva Investment Management Ltd Sells 839 Shares of Equity Lifestyle Properties, Inc. $ELS

Vinva Investment Management Ltd trimmed its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 12.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,833 shares of the real estate investment trust’s stock after selling 839 shares during the quarter. Vinva Investment Management Ltd’s holdings in Equity Lifestyle Properties were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ELS. Farther Finance Advisors LLC boosted its holdings in shares of Equity Lifestyle Properties by 12.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 178 shares in the last quarter. GAMMA Investing LLC grew its position in Equity Lifestyle Properties by 10.8% in the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 201 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in shares of Equity Lifestyle Properties by 1.2% in the second quarter. Moran Wealth Management LLC now owns 17,995 shares of the real estate investment trust’s stock worth $1,110,000 after acquiring an additional 220 shares during the last quarter. Qtron Investments LLC boosted its stake in shares of Equity Lifestyle Properties by 4.5% in the 1st quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 242 shares in the last quarter. Finally, Townsquare Capital LLC lifted its stake in Equity Lifestyle Properties by 2.0% in the 1st quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 251 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Evercore ISI reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Wells Fargo & Company dropped their price target on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.14.

Equity Lifestyle Properties Stock Up 0.3%

Shares of Equity Lifestyle Properties stock opened at $62.87 on Friday. The stock’s 50-day moving average is $61.70 and its 200 day moving average is $61.67. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $72.57. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 3.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $393.31 million during the quarter, compared to the consensus estimate of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is currently 103.52%.

About Equity Lifestyle Properties

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.