Greenland Capital Management LP Buys Shares of 8,000 Equity Lifestyle Properties, Inc. $ELS

Greenland Capital Management LP purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,000 shares of the real estate investment trust’s stock, valued at approximately $516,000.

Other institutional investors have also recently made changes to their positions in the company. Wiser Advisor Group LLC purchased a new position in shares of Equity Lifestyle Properties during the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 453 shares during the last quarter. Clearstead Trust LLC purchased a new stake in Equity Lifestyle Properties in the second quarter worth approximately $33,000. Fulcrum Asset Management LLP bought a new stake in Equity Lifestyle Properties in the 3rd quarter worth approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Equity Lifestyle Properties in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ELS shares. Odeon Capital Group set a $65.00 price target on Equity Lifestyle Properties in a report on Thursday, July 9th. Morgan Stanley reaffirmed a “mixed” rating and issued a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. Barclays set a $69.00 price objective on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research report on Monday, August 17th. Wells Fargo & Company lowered their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Finally, Weiss Ratings raised Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.52.

Equity Lifestyle Properties Trading Up 0.1%

Shares of ELS stock opened at $65.48 on Friday. 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 stock has a fifty day simple moving average of $64.71 and a two-hundred day simple moving average of $64.63. The firm has a market capitalization of $12.71 billion, a PE ratio of 31.48, a PEG ratio of 3.81 and a beta of 0.64. Equity Lifestyle Properties, Inc. has a 52-week low of $58.72 and a 52-week high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last released 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). The business had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.69 EPS. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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 $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is 104.33%.

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.