Callan Family Office LLC Invests $581,000 in Equity Lifestyle Properties, Inc. $ELS

Callan Family Office LLC purchased a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,021 shares of the real estate investment trust’s stock, valued at approximately $581,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in Equity Lifestyle Properties by 3.5% during the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 169 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Equity Lifestyle Properties by 30.3% in the 1st quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 171 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Equity Lifestyle Properties by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock valued at $2,628,000 after purchasing an additional 172 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Equity Lifestyle Properties by 3.7% during the third quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 178 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Equity Lifestyle Properties by 3.5% during the first quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 189 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings raised Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a research note on Thursday, July 9th. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Finally, Barclays set a $69.00 price target on Equity Lifestyle Properties and gave the company an “equal weight” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.52.

Equity Lifestyle Properties Trading Down 0.5%

Equity Lifestyle Properties stock opened at $65.41 on Wednesday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.72 and a 1 year high of $69.00. The firm’s 50-day moving average is $64.77 and its 200-day moving average is $64.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $12.69 billion, a P/E ratio of 31.45, a PEG ratio of 3.83 and a beta of 0.64.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. During the same period in the prior year, the company earned $0.69 EPS. Equity Lifestyle Properties’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is 104.33%.

Equity Lifestyle Properties Profile

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.