Meiji Yasuda Asset Management Co Ltd. Buys Shares of 131,619 Equity Lifestyle Properties, Inc. $ELS

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 131,619 shares of the real estate investment trust’s stock, valued at approximately $8,483,000.

A number of other hedge funds also recently made changes to their positions in ELS. Empowered Funds LLC grew its holdings in shares of Equity Lifestyle Properties by 3.5% during the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 169 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Equity Lifestyle Properties by 30.3% during the first quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 171 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Equity Lifestyle Properties by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 172 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of 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. Finally, Fifth Third Bancorp lifted its stake in shares of Equity Lifestyle Properties by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 189 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Barclays set a $69.00 price target on Equity Lifestyle Properties and gave the stock an “equal weight” rating in a report on Monday, August 17th. Finally, Morgan Stanley reiterated 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and an average price target of $68.52.

Equity Lifestyle Properties Stock Up 0.0%

Shares of ELS opened at $65.48 on Monday. The stock’s 50-day moving average price is $64.71 and its two-hundred day moving average price is $64.64. Equity Lifestyle Properties, Inc. has a 12 month low of $58.72 and a 12 month high of $69.00. The company 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. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The company had revenue of $397.81 million for 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%.Equity Lifestyle Properties’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 earnings per share. On average, analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, September 25th. This represents a $2.17 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 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.