Boston Advisors LLC acquired a new stake in shares of Equity Lifestyle Properties Inc. (NYSE:ELS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,170 shares of the company’s stock, valued at approximately $1,214,000.
Several other large investors also recently bought and sold shares of ELS. Renaissance Technologies LLC raised its stake in Equity Lifestyle Properties by 18.7% in the first quarter. Renaissance Technologies LLC now owns 1,026,300 shares of the company’s stock valued at $74,643,000 after buying an additional 161,600 shares during the last quarter. LPL Financial LLC raised its stake in shares of Equity Lifestyle Properties by 17.7% in the first quarter. LPL Financial LLC now owns 18,552 shares of the company’s stock worth $1,329,000 after buying an additional 2,795 shares in the last quarter. State Street Corp raised its stake in shares of Equity Lifestyle Properties by 3.0% in the first quarter. State Street Corp now owns 2,457,328 shares of the company’s stock worth $178,722,000 after buying an additional 72,727 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Equity Lifestyle Properties by 3.3% in the first quarter. Geode Capital Management LLC now owns 689,621 shares of the company’s stock worth $50,156,000 after buying an additional 22,198 shares in the last quarter. Finally, Nisa Investment Advisors L.L.C. raised its stake in shares of Equity Lifestyle Properties by 30.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 8,500 shares of the company’s stock worth $618,000 after buying an additional 2,000 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.
Equity Lifestyle Properties Inc. (NYSE:ELS) traded down 1.73% on Friday, reaching $77.18. The company’s stock had a trading volume of 641,454 shares. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 41.65 and a beta of 0.48. The company has a 50 day moving average of $78.23 and a 200 day moving average of $75.62. Equity Lifestyle Properties Inc. has a 52 week low of $57.71 and a 52 week high of $83.19.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business earned $210.10 million during the quarter, compared to analyst estimates of $114.76 million. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. On average, analysts forecast that Equity Lifestyle Properties Inc. will post $3.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.425 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.20%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 91.40%.
A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and set a $77.00 price target on shares of Equity Lifestyle Properties in a research note on Thursday, July 28th. Citigroup Inc. raised their price target on Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Equity Lifestyle Properties in a research note on Saturday, June 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of C$71.25.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.
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