Equity Lifestyle Properties Inc. (ELS) Position Reduced by Syntal Capital Partners LLC
Syntal Capital Partners LLC cut its stake in shares of Equity Lifestyle Properties Inc. (NYSE:ELS) by 7.1% during the second quarter, Holdings Channel reports. The firm owned 2,954 shares of the company’s stock after selling 226 shares during the period. Syntal Capital Partners LLC’s holdings in Equity Lifestyle Properties were worth $236,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its position in shares of Equity Lifestyle Properties by 8.9% in the first quarter. BlackRock Inc. now owns 93,096 shares of the company’s stock valued at $6,771,000 after buying an additional 7,618 shares during the period. Geode Capital Management LLC raised its position 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 during the last quarter. Virginia Retirement System purchased a new position in shares of Equity Lifestyle Properties during the first quarter worth $2,884,000. Resolution Capital Ltd raised its position in shares of Equity Lifestyle Properties by 11.2% in the second quarter. Resolution Capital Ltd now owns 1,069,136 shares of the company’s stock worth $85,584,000 after buying an additional 107,394 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Equity Lifestyle Properties during the first quarter worth $241,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) traded down 2.11% during midday trading on Monday, reaching $75.55. The company had a trading volume of 569,436 shares. The company has a market capitalization of $6.44 billion, a P/E ratio of 40.77 and a beta of 0.40. Equity Lifestyle Properties Inc. has a one year low of $57.71 and a one year high of $83.19. The company has a 50-day moving average price of $78.23 and a 200 day moving average price of $75.62.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 18th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $210.10 million for 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 quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. Equities analysts anticipate that Equity Lifestyle Properties Inc. will post $3.30 earnings per share for the current fiscal year.
The firm also recently disclosed 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 of this dividend is Wednesday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.25%. Equity Lifestyle Properties’s dividend payout ratio is currently 91.40%.
A number of equities analysts have recently weighed in on ELS shares. Citigroup Inc. upped their target price on Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 target price on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company 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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