American International Group Inc. bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,927 shares of the real estate investment trust’s stock, valued at approximately $172,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Equity Lifestyle Properties by 13.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 29,500 shares of the real estate investment trust’s stock valued at $2,626,000 after buying an additional 3,400 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Equity Lifestyle Properties by 13.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 213,462 shares of the real estate investment trust’s stock worth $19,002,000 after purchasing an additional 25,385 shares during the last quarter. BlackRock Inc. grew its position in Equity Lifestyle Properties by 1.3% during the 4th quarter. BlackRock Inc. now owns 6,571,795 shares of the real estate investment trust’s stock worth $585,020,000 after purchasing an additional 84,939 shares during the last quarter. Schroder Investment Management Group grew its position in Equity Lifestyle Properties by 9.7% during the 4th quarter. Schroder Investment Management Group now owns 1,223,215 shares of the real estate investment trust’s stock worth $108,891,000 after purchasing an additional 107,848 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Equity Lifestyle Properties by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 517,660 shares of the real estate investment trust’s stock worth $46,083,000 after purchasing an additional 7,938 shares during the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Vice Chairman Howard Walker sold 1,200 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total value of $106,488.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Seavey sold 7,775 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.98, for a total transaction of $684,044.50. Following the completion of the sale, the chief financial officer now owns 48,502 shares of the company’s stock, valued at approximately $4,267,205.96. The disclosure for this sale can be found here. Insiders sold a total of 21,475 shares of company stock valued at $1,894,283 in the last 90 days. Company insiders own 6.10% of the company’s stock.

Several research analysts have issued reports on ELS shares. BMO Capital Markets reissued a “hold” rating and set a $94.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, November 27th. Evercore ISI raised shares of Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research report on Monday, December 4th. Robert W. Baird reissued a “hold” rating and set a $95.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, December 11th. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, December 19th. Finally, TheStreet downgraded shares of Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $89.50.

Shares of Equity Lifestyle Properties, Inc. (ELS) opened at $85.58 on Wednesday. Equity Lifestyle Properties, Inc. has a 52 week low of $75.90 and a 52 week high of $91.94. The company has a market cap of $7,601.82, a price-to-earnings ratio of 39.44, a PEG ratio of 4.25 and a beta of 0.23. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, January 29th. The real estate investment trust reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.33). Equity Lifestyle Properties had a return on equity of 20.84% and a net margin of 22.41%. The firm had revenue of $229.99 million during the quarter, compared to analyst estimates of $210.71 million. equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, March 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 89.86%.

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Equity Lifestyle Properties Profile

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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