Equity Lifestyle Properties, Inc. $ELS Shares Sold by Swedbank AB

Swedbank AB lowered its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.1% in the first quarter, Holdings Channel.com reports. The firm owned 250,000 shares of the real estate investment trust’s stock after selling 16,305 shares during the period. Swedbank AB’s holdings in Equity Lifestyle Properties were worth $15,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ELS. Empowered Funds LLC lifted its position in Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 804 shares during the period. Jane Street Group LLC increased its stake in shares of Equity Lifestyle Properties by 598.5% during the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after acquiring an additional 102,303 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Equity Lifestyle Properties by 62.3% during the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 8,873 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Equity Lifestyle Properties by 111.0% during the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Equity Lifestyle Properties during the 2nd quarter worth about $300,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Wells Fargo & Company cut their price target 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. Barclays decreased their price target on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Robert W. Baird boosted their price objective on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Mizuho began coverage on Equity Lifestyle Properties in a report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.92.

Equity Lifestyle Properties Price Performance

ELS opened at $63.35 on Friday. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $69.00. The company has a 50 day moving average of $63.19 and a two-hundred day moving average of $63.89. The company has a market cap of $12.29 billion, a P/E ratio of 31.68, a P/E/G ratio of 3.88 and a beta of 0.66. 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 issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The business had revenue of $397.62 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.57 EPS. On average, analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

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

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.