SG Americas Securities LLC Raises Position in Equity Lifestyle Properties, Inc. $ELS

SG Americas Securities LLC raised its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 4.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 197,457 shares of the real estate investment trust’s stock after acquiring an additional 8,559 shares during the period. SG Americas Securities LLC’s holdings in Equity Lifestyle Properties were worth $12,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ELS. Price T Rowe Associates Inc. MD grew its position in Equity Lifestyle Properties by 303.9% during the 4th 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 acquiring an additional 11,999,874 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Equity Lifestyle Properties by 253.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after purchasing an additional 2,257,299 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of Equity Lifestyle Properties by 26.8% during the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock valued at $643,331,000 after purchasing an additional 2,246,622 shares during the period. Norges Bank purchased a new stake in shares of Equity Lifestyle Properties during the fourth quarter valued at approximately $125,352,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Equity Lifestyle Properties by 32.5% in the third quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after purchasing an additional 1,674,281 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock opened at $64.35 on Friday. The business has a 50 day moving average of $63.02 and a 200 day moving average of $63.66. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $69.00. The company has a market cap of $12.48 billion, a PE ratio of 32.18, a P/E/G ratio of 3.83 and a beta of 0.67. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.28). The company had revenue of $397.62 million during 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 business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. As a group, equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Analyst Upgrades and Downgrades

ELS has been the topic of several analyst reports. Wells Fargo & Company decreased their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, April 15th. Barclays decreased their price objective on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Zelman & Associates started coverage on shares of Equity Lifestyle Properties in a research note on Monday, March 16th. They set an “underperform” rating and a $59.25 price objective for the company. Finally, Robert W. Baird increased 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 investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.20.

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.