Robeco Institutional Asset Management B.V. lowered its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,678 shares of the real estate investment trust’s stock after selling 10,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Equity Lifestyle Properties worth $10,385,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Hawaiian Bank acquired a new stake in shares of Equity Lifestyle Properties in the third quarter valued at about $113,000. Qube Research & Technologies Ltd acquired a new stake in shares of Equity Lifestyle Properties in the second quarter valued at about $156,000. American Investment Services Inc. acquired a new stake in shares of Equity Lifestyle Properties in the third quarter valued at about $203,000. Lourd Capital LLC acquired a new stake in shares of Equity Lifestyle Properties in the third quarter valued at about $208,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Equity Lifestyle Properties in the second quarter valued at about $207,000. 93.77% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties stock opened at $96.78 on Monday. Equity Lifestyle Properties, Inc. has a 52 week low of $79.78 and a 52 week high of $98.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $8.69 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 4.30 and a beta of 0.15.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Equity Lifestyle Properties had a return on equity of 19.69% and a net margin of 22.40%. The business had revenue of $256.70 million during the quarter, compared to analysts’ expectations of $240.19 million. During the same quarter last year, the company posted $0.91 earnings per share. Equity Lifestyle Properties’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, December 27th. Equity Lifestyle Properties’s payout ratio is currently 61.11%.

ELS has been the topic of a number of recent research reports. Zacks Investment Research downgraded Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. BMO Capital Markets lifted their target price on Equity Lifestyle Properties from $96.00 to $99.00 and gave the company a “market perform” rating in a research report on Tuesday, October 23rd. Robert W. Baird lifted their target price on Equity Lifestyle Properties from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th. Bank of America lifted their target price on Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, ValuEngine raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.93.

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About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

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

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