Nationwide Fund Advisors reduced its stake in Equity Lifestyle Properties Inc. (NYSE:ELS) by 44.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,250 shares of the company’s stock after selling 45,370 shares during the period. Nationwide Fund Advisors owned about 0.07% of Equity Lifestyle Properties worth $4,583,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its stake in Equity Lifestyle Properties by 90.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,799 shares of the company’s stock valued at $144,000 after buying an additional 856 shares during the last quarter. First Midwest Bank Trust Division acquired a new stake in shares of Equity Lifestyle Properties during the second quarter worth $200,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Equity Lifestyle Properties during the second quarter worth $202,000. New York State Teachers Retirement System increased its stake in shares of Equity Lifestyle Properties by 30.0% in the second quarter. New York State Teachers Retirement System now owns 2,600 shares of the company’s stock worth $208,000 after buying an additional 600 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Equity Lifestyle Properties during the second quarter worth $218,000. 94.83% of the stock is owned by institutional investors.
Equity Lifestyle Properties Inc. (NYSE:ELS) traded down 1.73% on Friday, reaching $77.18. 641,454 shares of the company’s stock were exchanged. Equity Lifestyle Properties Inc. has a 12 month low of $57.71 and a 12 month high of $83.19. 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 firm has a 50-day moving average of $78.23 and a 200-day moving average of $75.62.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business earned $210.10 million during the quarter, compared to the consensus estimate of $114.76 million. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. Equity Lifestyle Properties’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. On average, equities analysts expect 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. Shareholders of record on Friday, September 30th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.20%. 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 brokerages recently weighed in on ELS. BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Citigroup Inc. boosted their price objective 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 reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a research report on Saturday, June 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average 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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