Ritholtz Wealth Management Sells 1,279 Shares of Equity Lifestyle Properties, Inc. $ELS

Ritholtz Wealth Management trimmed its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 14.2% in the second quarter, Holdings Channel.com reports. The fund owned 7,710 shares of the real estate investment trust’s stock after selling 1,279 shares during the quarter. Ritholtz Wealth Management’s holdings in Equity Lifestyle Properties were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ELS. Nuveen LLC bought a new position in Equity Lifestyle Properties during the 1st quarter valued at about $142,937,000. Victory Capital Management Inc. lifted its holdings in Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock valued at $355,515,000 after purchasing an additional 699,877 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Equity Lifestyle Properties by 101.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock valued at $83,479,000 after purchasing an additional 630,065 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Equity Lifestyle Properties by 12.7% during the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock valued at $280,771,000 after purchasing an additional 474,495 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Equity Lifestyle Properties by 535.2% during the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock valued at $24,623,000 after purchasing an additional 311,053 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 0.3%

ELS opened at $62.37 on Monday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $12.09 billion, a PE ratio of 32.32, a PEG ratio of 3.37 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.67. The firm has a 50-day moving average price of $60.86 and a two-hundred day moving average price of $62.14.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $313.29 million during the quarter, compared to analysts’ expectations of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. As a group, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.515 per share. The ex-dividend date was Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s payout ratio is currently 106.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ELS shares. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a report on Tuesday, July 22nd. Morgan Stanley reduced their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.05.

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.