Van Hulzen Asset Management LLC Buys New Position in Equity Lifestyle Properties, Inc. $ELS

Van Hulzen Asset Management LLC purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, HoldingsChannel reports. The fund purchased 11,000 shares of the real estate investment trust’s stock, valued at approximately $709,000.

Other hedge funds also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Equity Lifestyle Properties in the third quarter valued at approximately $25,000. Parkside Financial Bank & Trust boosted its holdings in Equity Lifestyle Properties by 126.8% during the second quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC grew its position in Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in Equity Lifestyle Properties in the third quarter valued at $34,000. 97.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ELS. Barclays set a $69.00 price objective on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Weiss Ratings lowered Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Wells Fargo & Company cut their price objective on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Odeon Capital Group set a $65.00 price target on Equity Lifestyle Properties in a report on Thursday, July 9th. Finally, Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.52.

Equity Lifestyle Properties Trading Down 1.2%

ELS opened at $60.34 on Friday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.72 and a 1-year high of $69.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The company has a market cap of $11.71 billion, a P/E ratio of 29.01, a PEG ratio of 3.56 and a beta of 0.64. The company’s 50 day moving average is $64.56 and its 200-day moving average is $64.30.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.22). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The firm had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. During the same period in the prior year, the company earned $0.69 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is presently 104.33%.

Equity Lifestyle Properties Profile

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages residential communities and resort properties across the United States. Its portfolio primarily consists of manufactured home communities, recreational vehicle (RV) resorts and campgrounds.

The company provides long-term homesites for manufactured housing residents, as well as seasonal and transient accommodations for RV owners and vacationers. Its properties generally offer amenities and services such as clubhouses, swimming pools, recreational facilities, community events and utility connections.