Nomura Asset Management Co. Ltd. Grows Position in Equity Lifestyle Properties, Inc. $ELS

Nomura Asset Management Co. Ltd. grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 321,799 shares of the real estate investment trust’s stock after acquiring an additional 3,870 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Equity Lifestyle Properties were worth $19,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ELS. Nuveen LLC purchased a new position in shares of Equity Lifestyle Properties in the 1st quarter valued at about $142,937,000. Cbre Investment Management Listed Real Assets LLC grew its position in Equity Lifestyle Properties by 101.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after buying an additional 630,065 shares during the period. JPMorgan Chase & Co. increased its holdings in Equity Lifestyle Properties by 12.7% in the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock valued at $280,771,000 after buying an additional 474,495 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 acquiring an additional 311,053 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth approximately $20,259,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $61.69 on Wednesday. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $72.81. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 3.32 and a beta of 0.71. The stock has a fifty day moving average of $61.41 and a two-hundred day moving average of $61.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 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, meeting the consensus estimate of $0.75. The business had revenue of $393.31 million for 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 business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. On average, analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Wall Street Analyst Weigh In

ELS has been the subject of several research analyst reports. Compass Point raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, July 22nd. Morgan Stanley lowered their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, 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 on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.14.

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.