Equity Lifestyle Properties, Inc. $ELS Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,285 shares of the real estate investment trust’s stock after buying an additional 11,959 shares during the period. Janney Montgomery Scott LLC’s holdings in Equity Lifestyle Properties were worth $11,753,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of Equity Lifestyle Properties by 14.1% during the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 804 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Equity Lifestyle Properties by 598.5% during the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock worth $7,964,000 after acquiring an additional 102,303 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after acquiring an additional 8,873 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Equity Lifestyle Properties by 111.0% during the second quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Equity Lifestyle Properties during the second quarter worth $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ELS. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Wednesday, April 15th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Robert W. Baird raised their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.20.

Equity Lifestyle Properties Price Performance

ELS opened at $66.17 on Friday. The stock has a fifty day moving average of $63.02 and a 200-day moving average of $63.79. The firm has a market capitalization of $12.83 billion, a P/E ratio of 33.09, a PEG ratio of 3.96 and a beta of 0.66. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $69.00. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29.

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

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.5425 per share. The ex-dividend date 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 presently 108.50%.

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.