B&I Capital AG Acquires 9,500 Shares of Equity Lifestyle Properties, Inc. $ELS

B&I Capital AG raised its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 124,522 shares of the real estate investment trust’s stock after acquiring an additional 9,500 shares during the quarter. Equity Lifestyle Properties accounts for approximately 2.6% of B&I Capital AG’s investment portfolio, making the stock its 16th biggest position. B&I Capital AG’s holdings in Equity Lifestyle Properties were worth $7,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Equity Lifestyle Properties by 303.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after purchasing an additional 11,999,874 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Equity Lifestyle Properties by 253.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock worth $191,025,000 after buying an additional 2,257,299 shares in the last quarter. Cohen & Steers Inc. raised its position in Equity Lifestyle Properties by 26.8% in the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after buying an additional 2,246,622 shares during the last quarter. Norges Bank purchased a new position in Equity Lifestyle Properties in the 4th quarter worth about $125,352,000. Finally, Royal London Asset Management Ltd. raised its position in Equity Lifestyle Properties by 1,520.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock worth $109,267,000 after buying an additional 1,662,458 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Up 3.2%

ELS opened at $65.82 on Friday. The firm’s 50 day simple moving average is $63.34 and its two-hundred day simple moving average is $64.00. The company has a market capitalization of $12.76 billion, a PE ratio of 32.91, a PEG ratio of 3.88 and a beta of 0.66. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The business had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. As a group, equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, June 26th. This represents a $2.17 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 108.50%.

Analysts Set New Price Targets

ELS has been the topic of a number of recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a $68.00 price target on shares of Equity Lifestyle Properties in a report on Tuesday. Wells Fargo & Company decreased their price objective on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Odean Cap Resea upgraded shares of Equity Lifestyle Properties to a “hold” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Wednesday, April 15th. Finally, Robert W. Baird raised their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Equity Lifestyle Properties has an average rating of “Moderate Buy” and a consensus price target of $68.92.

About Equity Lifestyle Properties

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.