Quantbot Technologies LP Has $696,000 Position in Equity Lifestyle Properties, Inc. $ELS

Quantbot Technologies LP trimmed its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 52.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,286 shares of the real estate investment trust’s stock after selling 12,432 shares during the period. Quantbot Technologies LP’s holdings in Equity Lifestyle Properties were worth $696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Achmea Investment Management B.V. purchased a new position in shares of Equity Lifestyle Properties during the second quarter valued at approximately $1,039,000. Andra AP fonden boosted its holdings in Equity Lifestyle Properties by 34.9% during the 2nd quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock valued at $21,733,000 after acquiring an additional 91,100 shares during the period. Creative Planning boosted its stake in shares of Equity Lifestyle Properties by 191.3% during the second quarter. Creative Planning now owns 30,420 shares of the real estate investment trust’s stock valued at $1,876,000 after purchasing an additional 19,977 shares during the period. FORA Capital LLC bought a new position in Equity Lifestyle Properties in the 1st quarter worth about $451,000. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Equity Lifestyle Properties by 111.2% in the second quarter. Bahl & Gaynor Inc. now owns 501,534 shares of the real estate investment trust’s stock valued at $30,930,000 after acquiring an additional 264,110 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ELS. Wells Fargo & Company reduced their price target on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Royal Bank Of Canada raised Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $66.00 to $70.00 in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Morgan Stanley cut their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Finally, Evercore ISI reduced their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $60.47 on Wednesday. The stock has a fifty day moving average price of $61.94 and a 200 day moving average price of $61.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market cap of $11.72 billion, a P/E ratio of 30.38, a PEG ratio of 3.36 and a beta of 0.78. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $70.43.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $393.31 million during the quarter, compared to analyst estimates of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 103.52%.

Equity Lifestyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.