Arbejdsmarkedets Tillaegspension Invests $23.32 Million in Equity Lifestyle Properties, Inc. $ELS

Arbejdsmarkedets Tillaegspension bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 384,827 shares of the real estate investment trust’s stock, valued at approximately $23,324,000.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC lifted its position in Equity Lifestyle Properties by 14.1% during the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 804 shares in the last quarter. Jane Street Group LLC boosted its position in Equity Lifestyle Properties by 598.5% in the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after buying an additional 102,303 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,873 shares during the period. Cetera Investment Advisers raised its position in shares of Equity Lifestyle Properties by 111.0% during the second quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 5,325 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Equity Lifestyle Properties during the second quarter valued at $300,000. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ELS shares. Zacks Research upgraded Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Zelman & Associates began coverage on Equity Lifestyle Properties in a research note on Monday, March 16th. They issued an “underperform” rating and a $59.25 target price on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $70.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a report on Friday, February 27th. Finally, Mizuho initiated coverage on shares of Equity Lifestyle Properties in a report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.27.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the completion of the sale, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by company insiders.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $61.12 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $69.00. The stock has a market capitalization of $11.85 billion, a P/E ratio of 30.56, a P/E/G ratio of 3.77 and a beta of 0.69. The company has a 50 day moving average of $64.27 and a 200-day moving average of $63.46.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The business had revenue of $397.62 million for the quarter, compared to analyst estimates of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. As a group, equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.5425 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a yield of 3.6%. Equity Lifestyle Properties’s dividend payout ratio is 108.50%.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.