Artemis Investment Management LLP boosted its position in shares of Equity Lifestyle Properties Inc. (NYSE:ELS) by 126.6% during the second quarter, Holdings Channel reports. The institutional investor owned 37,619 shares of the company’s stock after buying an additional 21,015 shares during the period. Artemis Investment Management LLP’s holdings in Equity Lifestyle Properties were worth $3,012,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in ELS. BlackRock Inc. raised its position in Equity Lifestyle Properties by 8.9% in the first quarter. BlackRock Inc. now owns 93,096 shares of the company’s stock worth $6,771,000 after buying an additional 7,618 shares in the last quarter. Geode Capital Management LLC raised its position in 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. Virginia Retirement System purchased a new position in Equity Lifestyle Properties during the first quarter worth approximately $2,884,000. Quadrature Capital Ltd purchased a new position in Equity Lifestyle Properties during the first quarter worth approximately $241,000. Finally, Rafferty Asset Management LLC raised its position in Equity Lifestyle Properties by 49.4% in the first quarter. Rafferty Asset Management LLC now owns 11,123 shares of the company’s stock worth $809,000 after buying an additional 3,677 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.
Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) traded down 0.11% during trading on Thursday, reaching $78.54. 343,523 shares of the company were exchanged. Equity Lifestyle Properties Inc. has a one year low of $57.71 and a one year high of $83.19. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 42.39 and a beta of 0.48. The company has a 50 day moving average price of $78.30 and a 200-day moving average price of $75.59.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The business had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $114.76 million. During the same quarter in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts predict that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, September 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 91.40%.
A number of equities analysts have recently commented on the stock. BMO Capital Markets reissued a “hold” rating and issued a $77.00 price target on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Citigroup Inc. lifted their price target on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Equity Lifestyle Properties in a research report on Saturday, June 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$71.25.
Equity Lifestyle Properties Company Profile
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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