Macquarie Group Ltd. trimmed its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 301,841 shares of the real estate investment trust’s stock after selling 6,148 shares during the quarter. Macquarie Group Ltd.’s holdings in Equity Lifestyle Properties were worth $27,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in Equity Lifestyle Properties by 6.7% in the first quarter. US Bancorp DE now owns 10,574 shares of the real estate investment trust’s stock valued at $928,000 after acquiring an additional 665 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Equity Lifestyle Properties by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 133,293 shares of the real estate investment trust’s stock valued at $12,250,000 after purchasing an additional 690 shares during the period. Comerica Bank raised its position in shares of Equity Lifestyle Properties by 16.0% in the first quarter. Comerica Bank now owns 7,827 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 1,082 shares during the period. First Western Capital Management Co raised its position in shares of Equity Lifestyle Properties by 21.0% in the second quarter. First Western Capital Management Co now owns 6,736 shares of the real estate investment trust’s stock valued at $619,000 after purchasing an additional 1,168 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Equity Lifestyle Properties by 8.4% in the first quarter. Hsbc Holdings PLC now owns 16,525 shares of the real estate investment trust’s stock valued at $1,451,000 after purchasing an additional 1,284 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

NYSE ELS opened at $97.03 on Tuesday. Equity Lifestyle Properties, Inc. has a 12-month low of $79.78 and a 12-month high of $97.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $8.58 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 5.22 and a beta of 0.15.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.02). Equity Lifestyle Properties had a net margin of 22.25% and a return on equity of 20.05%. The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $224.20 million. During the same period last year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. research analysts predict that Equity Lifestyle Properties, Inc. will post 3.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, September 27th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 61.11%.

ELS has been the topic of several research reports. Wells Fargo & Co boosted their price target on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. ValuEngine raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Equity Lifestyle Properties presently has an average rating of “Hold” and an average price target of $93.17.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of July 23, 2018, we own or have an interest in 410 quality properties in 32 states and British Columbia consisting of 153,549 sites.

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

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