Jacobs Levy Equity Management Inc. bought a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,016 shares of the real estate investment trust’s stock, valued at approximately $1,550,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Marshall Wace LLP boosted its stake in shares of Equity Lifestyle Properties by 152.9% in the 4th quarter. Marshall Wace LLP now owns 114,281 shares of the real estate investment trust’s stock valued at $8,044,000 after purchasing an additional 69,097 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Equity Lifestyle Properties by 85.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,071,034 shares of the real estate investment trust’s stock valued at $75,389,000 after acquiring an additional 492,817 shares during the period. Marshall Wace North America L.P. lifted its position in shares of Equity Lifestyle Properties by 219.9% during the 4th quarter. Marshall Wace North America L.P. now owns 479,095 shares of the real estate investment trust’s stock valued at $33,723,000 after acquiring an additional 329,337 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Equity Lifestyle Properties by 120.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,404,043 shares of the real estate investment trust’s stock valued at $310,002,000 after acquiring an additional 2,403,063 shares during the period. Finally, Penserra Capital Management LLC lifted its position in shares of Equity Lifestyle Properties by 224.9% during the 4th quarter. Penserra Capital Management LLC now owns 2,632 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 1,822 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

ELS opened at $49.73 on Thursday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $68.23 and its two-hundred day moving average price is $82.25. Equity Lifestyle Properties, Inc. has a 1-year low of $41.97 and a 1-year high of $77.55. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 4.31 and a beta of 0.30.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.22). Equity Lifestyle Properties had a return on equity of 21.94% and a net margin of 27.53%. The business had revenue of $258.60 million for the quarter, compared to analyst estimates of $254.87 million. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts forecast that Equity Lifestyle Properties, Inc. will post 2.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.343 per share. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, March 26th. This represents a $1.37 annualized dividend and a yield of 2.76%. Equity Lifestyle Properties’s dividend payout ratio is presently 58.85%.

A number of research firms recently issued reports on ELS. Robert W. Baird boosted their target price on shares of Equity Lifestyle Properties from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. BMO Capital Markets upgraded shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wells Fargo & Co boosted their target price on shares of Equity Lifestyle Properties from $67.00 to $68.00 and gave the company an “equal weight” rating in a research report on Monday, March 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $75.25.

Equity Lifestyle Properties Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

Recommended Story: What are economic reports?

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

Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.