Cadence Capital Management LLC boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 11.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,336 shares of the real estate investment trust’s stock after acquiring an additional 566 shares during the quarter. Cadence Capital Management LLC’s holdings in Equity Lifestyle Properties were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in Equity Lifestyle Properties by 14.2% during the 2nd quarter. Legal & General Group Plc now owns 221,777 shares of the real estate investment trust’s stock valued at $19,148,000 after acquiring an additional 27,582 shares during the period. Prudential Financial Inc. boosted its holdings in Equity Lifestyle Properties by 7.0% during the 3rd quarter. Prudential Financial Inc. now owns 614,491 shares of the real estate investment trust’s stock valued at $52,281,000 after acquiring an additional 40,018 shares during the period. First Trust Advisors LP lifted its holdings in Equity Lifestyle Properties by 76.0% in the 3rd quarter. First Trust Advisors LP now owns 149,345 shares of the real estate investment trust’s stock worth $12,706,000 after buying an additional 64,488 shares during the period. Teachers Insurance & Annuity Association of America lifted its holdings in Equity Lifestyle Properties by 1.7% in the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 81,386 shares of the real estate investment trust’s stock worth $7,027,000 after buying an additional 1,359 shares during the period. Finally, Swiss National Bank lifted its holdings in Equity Lifestyle Properties by 2.5% in the 2nd quarter. Swiss National Bank now owns 137,300 shares of the real estate investment trust’s stock worth $11,854,000 after buying an additional 3,400 shares during the period. Institutional investors own 97.86% of the company’s stock.

ELS has been the subject of several research analyst reports. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Tuesday, August 29th. Citigroup increased their price objective on Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, October 16th. Finally, BMO Capital Markets initiated coverage on Equity Lifestyle Properties in a report on Monday, October 9th. They issued a “market perform” rating and a $92.00 price objective for the company. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.00.

Equity Lifestyle Properties, Inc. (ELS) traded down $0.70 during midday trading on Wednesday, reaching $90.43. The company’s stock had a trading volume of 245,400 shares, compared to its average volume of 373,625. Equity Lifestyle Properties, Inc. has a 1-year low of $69.01 and a 1-year high of $91.50. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20. The stock has a market cap of $8,004.56, a PE ratio of 25.89, a P/E/G ratio of 4.89 and a beta of 0.30.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. The business had revenue of $241.63 million during the quarter, compared to analysts’ expectations of $226.85 million. During the same quarter last year, the business posted $0.83 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.488 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.95 annualized dividend and a dividend yield of 2.16%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. Equity Lifestyle Properties’s dividend payout ratio is currently 93.30%.

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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.

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

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