Centersquare Investment Management LLC Has $147.47 Million Position in Equity Lifestyle Properties, Inc. $ELS

Centersquare Investment Management LLC boosted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 23.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,433,155 shares of the real estate investment trust’s stock after purchasing an additional 469,777 shares during the quarter. Equity Lifestyle Properties comprises 1.5% of Centersquare Investment Management LLC’s portfolio, making the stock its 22nd biggest holding. Centersquare Investment Management LLC’s holdings in Equity Lifestyle Properties were worth $147,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Equity Lifestyle Properties by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock worth $1,544,190,000 after purchasing an additional 592,013 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Equity Lifestyle Properties by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after purchasing an additional 1,674,281 shares in the last quarter. Geode Capital Management LLC increased its holdings in Equity Lifestyle Properties by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock worth $285,048,000 after purchasing an additional 100,364 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Equity Lifestyle Properties by 16.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,656,490 shares of the real estate investment trust’s stock worth $221,619,000 after purchasing an additional 509,442 shares in the last quarter. Finally, Boston Partners increased its holdings in Equity Lifestyle Properties by 2.1% in the 3rd quarter. Boston Partners now owns 2,902,967 shares of the real estate investment trust’s stock worth $176,227,000 after purchasing an additional 60,852 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Activity at Equity Lifestyle Properties

In related news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the sale, the director owned 14,890 shares in the company, valued at $1,000,905.80. This represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Equity Lifestyle Properties Trading Down 0.5%

NYSE ELS opened at $64.00 on Friday. The business’s 50-day moving average price is $63.17 and its two-hundred day moving average price is $63.61. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $69.00. The firm has a market capitalization of $12.41 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.91 and a beta of 0.67. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The business had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.5425 per share. The ex-dividend date is Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio is presently 108.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zelman & Associates started coverage on Equity Lifestyle Properties in a report on Monday, March 16th. They issued an “underperform” rating and a $59.25 target price for the company. Wells Fargo & Company reduced their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, April 15th. Barclays reduced their price target on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.20.

About Equity Lifestyle Properties

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.