Equity Lifestyle Properties, Inc. $ELS Holdings Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,285 shares of the real estate investment trust’s stock after purchasing an additional 11,959 shares during the quarter. Janney Montgomery Scott LLC owned about 0.10% of Equity Lifestyle Properties worth $11,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ELS. Vanguard Group Inc. grew 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 buying an additional 592,013 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Equity Lifestyle Properties by 303.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock valued at $966,648,000 after acquiring an additional 11,999,874 shares in the last quarter. Cohen & Steers Inc. raised its stake in Equity Lifestyle Properties by 26.8% during the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock valued at $643,331,000 after acquiring an additional 2,246,622 shares in the last quarter. Geode Capital Management LLC boosted its position in Equity Lifestyle Properties by 2.2% during 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 acquiring an additional 100,364 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Equity Lifestyle Properties by 16.2% during 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 acquiring an additional 509,442 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Performance

ELS opened at $66.17 on Friday. The business has a 50 day moving average price of $63.02 and a two-hundred day moving average price of $63.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 3.96 and a beta of 0.66. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last issued 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 net margin of 24.99% and a return on equity of 21.22%. The firm had revenue of $397.62 million for the quarter, compared to analyst estimates of $395.71 million. During the same quarter last year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Mizuho initiated coverage on shares of Equity Lifestyle Properties in a report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price objective for the company. Weiss Ratings lowered shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Wells Fargo & Company decreased their target price on shares of 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, Zelman & Associates initiated coverage on shares of Equity Lifestyle Properties in a research note on Monday, March 16th. They set an “underperform” rating and a $59.25 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.