35,442 Shares in Equity Lifestyle Properties, Inc. $ELS Purchased by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, HoldingsChannel.com reports. The fund acquired 35,442 shares of the real estate investment trust’s stock, valued at approximately $2,284,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $30,000 after buying an additional 453 shares during the period. Clearstead Trust LLC boosted its stake in shares of Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 231 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Equity Lifestyle Properties in the third quarter valued at approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Equity Lifestyle Properties during the second quarter worth $37,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ELS. Truist Financial set a $67.00 price objective on Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Odeon Capital Group set a $65.00 target price on shares of Equity Lifestyle Properties in a research report on Thursday, July 9th. Morgan Stanley reaffirmed a “mixed” rating and set a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday, August 12th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Barclays set a $69.00 price objective on shares of Equity Lifestyle Properties and gave the company an “equal weight” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.52.

Equity Lifestyle Properties Stock Performance

ELS opened at $64.66 on Thursday. The stock has a market cap of $12.55 billion, a P/E ratio of 31.09, a P/E/G ratio of 3.81 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02. The stock’s 50 day simple moving average is $64.80 and its 200 day simple moving average is $64.64. Equity Lifestyle Properties, Inc. has a 1-year low of $58.72 and a 1-year high of $69.00.

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

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 104.33%.

Equity Lifestyle Properties Profile

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.