Westwood Holdings Group Inc. Purchases 43,089 Shares of Equity Lifestyle Properties, Inc. $ELS

Westwood Holdings Group Inc. raised its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,092 shares of the real estate investment trust’s stock after buying an additional 43,089 shares during the period. Westwood Holdings Group Inc. owned about 0.12% of Equity Lifestyle Properties worth $14,128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group boosted its holdings in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 384 shares during the period. Allworth Financial LP lifted its position in shares of Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 443 shares during the last quarter. National Pension Service boosted its stake in shares of Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 276 shares during the period. IFP Advisors Inc grew its holdings in shares of Equity Lifestyle Properties by 874.7% in the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 761 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in Equity Lifestyle Properties in the 1st quarter worth about $61,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Trading Up 0.8%

Shares of NYSE:ELS opened at $62.14 on Friday. The company has a market capitalization of $12.04 billion, a PE ratio of 31.22, a P/E/G ratio of 3.32 and a beta of 0.71. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 0.27. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $72.81. The business’s fifty day simple moving average is $61.40 and its 200-day simple moving average is $61.80.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. As a group, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, December 26th. Equity Lifestyle Properties’s payout ratio is 103.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ELS shares. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Barclays raised Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Evercore ISI lowered their target price on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.