Equity Lifestyle Properties, Inc. $ELS Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,621,879 shares of the real estate investment trust’s stock after buying an additional 104,159 shares during the period. Royal London Asset Management Ltd.’s holdings in Equity Lifestyle Properties were worth $98,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties in the 3rd quarter valued at $25,000. GoalVest Advisory LLC acquired a new stake in Equity Lifestyle Properties in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 valued at $30,000 after purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC increased its holdings 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 in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new stake in Equity Lifestyle Properties in the 3rd quarter valued at $34,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $64.80 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00. The company’s 50-day simple moving average is $63.20 and its 200-day simple moving average is $63.62. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.89 and a beta of 0.67.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. During the same period in the previous year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director owned 14,890 shares of the company’s stock, valued at $1,000,905.80. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ELS shares. Barclays lowered their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Zacks Research upgraded Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Robert W. Baird raised their target price on Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Zelman & Associates began coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They set an “underperform” rating and a $59.25 price target on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 price target (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.20.

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.