Dockside LLC Invests $469,000 in Equity Lifestyle Properties, Inc. $ELS

Dockside LLC acquired a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,744 shares of the real estate investment trust’s stock, valued at approximately $469,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fermata Advisors LLC increased its stake in Equity Lifestyle Properties by 471.9% in the 4th quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock worth $2,057,000 after buying an additional 28,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Equity Lifestyle Properties by 11.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock valued at $20,206,000 after acquiring an additional 34,946 shares during the last quarter. Argosy Lionbridge Management LLC bought a new position in shares of Equity Lifestyle Properties in the 3rd quarter valued at about $3,703,000. Thrivent Financial for Lutherans lifted its holdings in shares of Equity Lifestyle Properties by 1,104.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust’s stock valued at $40,794,000 after acquiring an additional 617,202 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in Equity Lifestyle Properties by 232.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 56,617 shares of the real estate investment trust’s stock worth $3,437,000 after purchasing an additional 39,580 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ELS shares. Barclays reduced their price objective on shares of 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. Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Truist Financial set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.20.

Equity Lifestyle Properties Price Performance

NYSE ELS opened at $64.80 on Monday. The firm’s fifty day simple moving average is $63.20 and its two-hundred day simple moving average is $63.62. 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, Inc. has a 12-month low of $58.15 and a 12-month high of $69.00. The firm has a market capitalization of $12.57 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.94 and a beta of 0.67.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. During the same period in the prior year, the firm posted $0.57 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 108.50%.

Insider Buying and Selling at Equity Lifestyle Properties

In other news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 14,890 shares of the company’s stock, valued at $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by company insiders.

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.