Quantinno Capital Management LP Sells 12,489 Shares of Equity Lifestyle Properties, Inc. $ELS

Quantinno Capital Management LP decreased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 669,614 shares of the real estate investment trust’s stock after selling 12,489 shares during the period. Quantinno Capital Management LP owned approximately 0.35% of Equity Lifestyle Properties worth $41,295,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 384 shares in the last quarter. National Pension Service lifted its holdings in shares of Equity Lifestyle Properties by 75.0% in the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 276 shares in the last quarter. Allworth Financial LP boosted its position in shares of Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 443 shares during the period. IFP Advisors Inc grew its holdings in shares of Equity Lifestyle Properties by 874.7% during the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 761 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in Equity Lifestyle Properties in the 1st quarter valued at approximately $61,000. 97.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Morgan Stanley reduced their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Evercore ISI reduced their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $61.55 on Friday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 3.35 and a beta of 0.78. The company has a 50-day simple moving average of $61.93 and a 200 day simple moving average of $61.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05.

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

Equity Lifestyle Properties Dividend Announcement

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

Equity Lifestyle Properties Company 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.