Ladenburg Thalmann Financial Services Inc. Lowers Position in Equity Lifestyle Properties, Inc. (ELS)

Ladenburg Thalmann Financial Services Inc. cut its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,718 shares of the real estate investment trust’s stock after selling 458 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Equity Lifestyle Properties were worth $124,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new stake in shares of Equity Lifestyle Properties during the third quarter valued at approximately $262,000. Duff & Phelps Investment Management Co. boosted its stake in shares of Equity Lifestyle Properties by 4.0% in the third quarter. Duff & Phelps Investment Management Co. now owns 404,051 shares of the real estate investment trust’s stock valued at $31,185,000 after buying an additional 15,717 shares during the last quarter. First Quadrant L P CA boosted its stake in shares of Equity Lifestyle Properties by 431.1% in the third quarter. First Quadrant L P CA now owns 130,112 shares of the real estate investment trust’s stock valued at $10,042,000 after buying an additional 105,612 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Equity Lifestyle Properties by 8.2% in the third quarter. Bank of Montreal Can now owns 175,442 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 13,245 shares during the last quarter. Finally, Standard Life Investments LTD boosted its stake in shares of Equity Lifestyle Properties by 158.8% in the third quarter. Standard Life Investments LTD now owns 583,004 shares of the real estate investment trust’s stock valued at $45,000,000 after buying an additional 357,702 shares during the last quarter. 93.40% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) opened at 77.59 on Tuesday. The company has a 50 day moving average price of $77.29 and a 200 day moving average price of $74.02. Equity Lifestyle Properties, Inc. has a 52 week low of $65.87 and a 52 week high of $83.19. The company has a market cap of $6.73 billion, a PE ratio of 40.37 and a beta of 0.33.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, January 23rd. The real estate investment trust reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Equity Lifestyle Properties had a return on equity of 20.43% and a net margin of 21.50%. The firm had revenue of $214 million for the quarter, compared to analyst estimates of $118.32 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Equity Lifestyle Properties, Inc. will post $2.10 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a $0.4875 dividend. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 29th. This represents a $1.95 annualized dividend and a yield of 2.51%. Equity Lifestyle Properties’s dividend payout ratio is presently 88.08%.

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ELS has been the subject of several recent research reports. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, December 20th. Cantor Fitzgerald boosted their price target on Equity Lifestyle Properties from $73.00 to $73.50 and gave the company a “neutral” rating in a research note on Friday, January 27th. Finally, Evercore ISI cut Equity Lifestyle Properties from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Equity Lifestyle Properties presently has a consensus rating of “Hold” and a consensus target price of $77.75.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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.

5 Day Chart for NYSE:ELS

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