Equity Lifestyle Properties, Inc. $ELS Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC trimmed its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 9.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 128,704 shares of the real estate investment trust’s stock after selling 12,926 shares during the period. New Age Alpha Advisors LLC’s holdings in Equity Lifestyle Properties were worth $7,801,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC grew its stake in 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 acquiring an additional 172 shares during the last quarter. Private Advisor Group LLC grew its stake in Equity Lifestyle Properties by 3.7% in the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 178 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Equity Lifestyle Properties by 1.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock valued at $864,000 after acquiring an additional 220 shares during the last quarter. M&G PLC grew its stake in Equity Lifestyle Properties by 8.2% in the 3rd quarter. M&G PLC now owns 3,293 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 249 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in Equity Lifestyle Properties by 27.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 269 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock opened at $63.60 on Monday. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $69.00. The stock has a market capitalization of $12.33 billion, a P/E ratio of 31.80, a P/E/G ratio of 3.87 and a beta of 0.69. The firm’s 50-day moving average is $63.82 and its two-hundred day moving average is $63.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04.

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 for the quarter, compared to analyst estimates of $395.71 million. During the same period in the prior year, the business earned $0.57 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.18 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, July 10th. Investors of record on Friday, June 26th will be given a $0.5425 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 108.50%.

Insider Activity

In related news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director directly owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

ELS has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Barclays decreased their price target on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. 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 price target on the stock. Finally, Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One equities research 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 issued 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 $69.27.

Equity Lifestyle Properties Company 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.