Duff & Phelps Investment Management Co. lowered its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 387,038 shares of the real estate investment trust’s stock after selling 2,600 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Equity Lifestyle Properties were worth $33,417,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in Equity Lifestyle Properties by 3.2% in the first quarter. Macquarie Group Ltd. now owns 356,050 shares of the real estate investment trust’s stock valued at $27,437,000 after buying an additional 10,912 shares in the last quarter. Vanguard Group Inc. boosted its position in Equity Lifestyle Properties by 2.6% in the first quarter. Vanguard Group Inc. now owns 12,493,430 shares of the real estate investment trust’s stock valued at $962,743,000 after buying an additional 312,465 shares in the last quarter. BlackRock Inc. boosted its position in Equity Lifestyle Properties by 4,674.0% in the first quarter. BlackRock Inc. now owns 6,050,846 shares of the real estate investment trust’s stock valued at $466,277,000 after buying an additional 5,924,100 shares in the last quarter. UBS Group AG boosted its position in Equity Lifestyle Properties by 40.9% in the first quarter. UBS Group AG now owns 12,485 shares of the real estate investment trust’s stock valued at $962,000 after buying an additional 3,625 shares in the last quarter. Finally, Resolution Capital Ltd boosted its position in Equity Lifestyle Properties by 19.4% in the first quarter. Resolution Capital Ltd now owns 1,388,534 shares of the real estate investment trust’s stock valued at $107,000,000 after buying an additional 226,050 shares in the last quarter. 96.61% of the stock is owned by institutional investors and hedge funds.

Shares of Equity Lifestyle Properties, Inc. (ELS) opened at 86.15 on Friday. The firm has a market capitalization of $7.50 billion, a PE ratio of 42.75 and a beta of 0.31. The company has a 50 day moving average price of $86.37 and a 200-day moving average price of $81.58. Equity Lifestyle Properties, Inc. has a 12 month low of $65.87 and a 12 month high of $88.16.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 17th. The real estate investment trust reported $0.81 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.81. The business had revenue of $221.30 million during the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a return on equity of 20.64% and a net margin of 22.00%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. Equities research analysts expect that Equity Lifestyle Properties, Inc. will post $2.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.4875 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.95 dividend on an annualized basis and a yield of 2.26%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 97.02%.

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A number of analysts recently issued reports on the company. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Thursday, June 1st. Evercore ISI upped their target price on Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, April 18th. BidaskClub cut Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $81.00 target price (up from $75.00) on shares of Equity Lifestyle Properties in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.25.

In related news, Vice Chairman Howard Walker sold 1,608 shares of Equity Lifestyle Properties stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $82.11, for a total value of $132,032.88. Following the completion of the transaction, the insider now directly owns 57,265 shares in the company, valued at $4,702,029.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Samuel Zell purchased 805,333 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $87.43 per share, with a total value of $70,410,264.19. The disclosure for this purchase can be found here. 6.10% of the stock is currently owned by company insiders.

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.

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

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