Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELSFree Report) by 114.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,375,154 shares of the real estate investment trust’s stock after purchasing an additional 2,868,678 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Equity Lifestyle Properties were worth $326,272,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Equity Lifestyle Properties in the second quarter valued at about $164,862,000. Royal London Asset Management Ltd. grew its stake in Equity Lifestyle Properties by 1,520.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock valued at $109,267,000 after acquiring an additional 1,662,458 shares in the last quarter. Bank of America Corp DE grew its stake in Equity Lifestyle Properties by 53.6% during the 2nd quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust’s stock valued at $137,361,000 after acquiring an additional 777,107 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Equity Lifestyle Properties by 72.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,722,135 shares of the real estate investment trust’s stock valued at $106,204,000 after acquiring an additional 721,779 shares during the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new position in Equity Lifestyle Properties in the 3rd quarter worth approximately $39,969,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ELS. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Royal Bank Of Canada raised Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $66.00 to $70.00 in a research note on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Finally, UBS Group set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and an average target price of $70.29.

Check Out Our Latest Analysis on ELS

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock opened at $63.64 on Monday. The firm has a market cap of $12.34 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.38 and a beta of 0.77. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The business’s fifty day simple moving average is $61.64 and its 200-day simple moving average is $61.23.

Equity Lifestyle Properties (NYSE:ELSGet Free Report) 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, hitting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm had revenue of $393.31 million during the quarter, compared to the consensus estimate of $389.39 million. During the same period last year, the company earned $0.72 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio is currently 103.52%.

About Equity Lifestyle Properties

(Free Report)

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.

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Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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