Callan Family Office LLC Makes New Investment in Equity Lifestyle Properties, Inc. $ELS

Callan Family Office LLC bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,021 shares of the real estate investment trust’s stock, valued at approximately $581,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ELS. Wiser Advisor Group LLC bought a new position in shares of Equity Lifestyle Properties during the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the period. Clearstead Trust LLC lifted its position in Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 231 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in Equity Lifestyle Properties in the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Equity Lifestyle Properties by 67.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 726 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ELS. Barclays set a $69.00 target price on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Wells Fargo & Company reduced their price objective on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a research report on Thursday, July 9th. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Finally, Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.52.

Equity Lifestyle Properties Stock Performance

Shares of NYSE ELS opened at $65.41 on Wednesday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.72 and a 1 year high of $69.00. The firm has a market cap of $12.69 billion, a P/E ratio of 31.45, a PEG ratio of 3.83 and a beta of 0.64. The stock has a fifty day moving average price of $64.77 and a two-hundred day moving average price of $64.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.02 and a current ratio of 0.02.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The firm had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. Research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a $0.5425 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.17 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 104.33%.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.