Equity Lifestyle Properties, Inc. (ELS) Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd cut its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 18.7% in the 1st quarter, HoldingsChannel reports. The fund owned 987,725 shares of the real estate investment trust’s stock after selling 226,955 shares during the period. Equity Lifestyle Properties accounts for approximately 4.0% of Resolution Capital Ltd’s holdings, making the stock its 10th largest holding. Resolution Capital Ltd’s holdings in Equity Lifestyle Properties were worth $86,693,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ELS. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Equity Lifestyle Properties by 21.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,284 shares of the real estate investment trust’s stock valued at $648,000 after acquiring an additional 1,269 shares in the last quarter. Aperio Group LLC boosted its holdings in Equity Lifestyle Properties by 6.2% during the fourth quarter. Aperio Group LLC now owns 27,480 shares of the real estate investment trust’s stock worth $2,446,000 after buying an additional 1,596 shares in the last quarter. US Bancorp DE boosted its holdings in Equity Lifestyle Properties by 17.4% during the fourth quarter. US Bancorp DE now owns 9,909 shares of the real estate investment trust’s stock worth $882,000 after buying an additional 1,470 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Equity Lifestyle Properties by 4.1% during the fourth quarter. California Public Employees Retirement System now owns 203,465 shares of the real estate investment trust’s stock worth $18,112,000 after buying an additional 8,083 shares in the last quarter. Finally, Renaissance Group LLC bought a new stake in Equity Lifestyle Properties during the fourth quarter worth approximately $409,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,304 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $90.95, for a total value of $300,498.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Roger Maynard sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $85.22, for a total transaction of $852,200.00. Following the completion of the sale, the executive vice president now owns 161,489 shares of the company’s stock, valued at approximately $13,762,092.58. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Equity Lifestyle Properties stock opened at $91.76 on Thursday. Equity Lifestyle Properties, Inc. has a 52 week low of $79.78 and a 52 week high of $93.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $8.13 billion, a P/E ratio of 25.49, a PEG ratio of 4.99 and a beta of 0.20.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, April 23rd. The real estate investment trust reported $1.04 EPS for the quarter, hitting analysts’ consensus estimates of $1.04. Equity Lifestyle Properties had a net margin of 22.20% and a return on equity of 20.26%. The firm had revenue of $246.00 million during the quarter, compared to analyst estimates of $232.72 million. During the same quarter last year, the business posted $1.00 EPS. The company’s revenue was up 5.9% on a year-over-year basis. equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, June 28th. Equity Lifestyle Properties’s dividend payout ratio is 61.11%.

A number of analysts recently weighed in on ELS shares. TheStreet upgraded shares of Equity Lifestyle Properties from a “c+” rating to a “b-” rating in a report on Tuesday, May 1st. ValuEngine upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $91.00.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of April 23, 2018, we own or have an interest in 409 quality properties in 32 states and British Columbia consisting of 152,658 sites.

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

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