Equity Lifestyle Properties, Inc. (NYSE:ELS) Position Increased by Swiss National Bank

Swiss National Bank raised its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 93.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 545,444 shares of the real estate investment trust’s stock after buying an additional 263,322 shares during the period. Swiss National Bank owned about 0.30% of Equity Lifestyle Properties worth $38,394,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Lindbrook Capital LLC boosted its position in Equity Lifestyle Properties by 126.3% in the fourth quarter. Lindbrook Capital LLC now owns 464 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 259 shares during the last quarter. Huntington National Bank raised its stake in Equity Lifestyle Properties by 121.4% during the 4th quarter. Huntington National Bank now owns 496 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 272 shares during the period. NEXT Financial Group Inc raised its stake in Equity Lifestyle Properties by 193.4% during the 4th quarter. NEXT Financial Group Inc now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 352 shares during the period. Evoke Wealth LLC acquired a new stake in Equity Lifestyle Properties during the 3rd quarter valued at $52,000. Finally, Quadrant Capital Group LLC raised its stake in Equity Lifestyle Properties by 424.2% during the 4th quarter. Quadrant Capital Group LLC now owns 844 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 683 shares during the period. Hedge funds and other institutional investors own 60.35% of the company’s stock.

Shares of ELS traded up $0.94 during mid-day trading on Monday, hitting $75.24. 642,347 shares of the company traded hands, compared to its average volume of 676,027. Equity Lifestyle Properties, Inc. has a one year low of $53.47 and a one year high of $75.25. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $71.41 and a 200 day moving average of $95.27. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 5.75 and a beta of 0.20.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.22). Equity Lifestyle Properties had a net margin of 27.53% and a return on equity of 22.05%. The company had revenue of $258.60 million for the quarter, compared to the consensus estimate of $254.87 million. During the same period last year, the company earned $0.97 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that Equity Lifestyle Properties, Inc. will post 2.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.343 per share. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, March 26th. This represents a $1.37 annualized dividend and a dividend yield of 1.82%. Equity Lifestyle Properties’s payout ratio is presently 58.85%.

Several analysts have issued reports on ELS shares. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Thursday, January 30th. Robert W. Baird upped their price objective on shares of Equity Lifestyle Properties from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. BMO Capital Markets raised shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. ValuEngine lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Equity Lifestyle Properties has an average rating of “Hold” and a consensus price target of $72.25.

In related news, COO Patrick Waite sold 5,994 shares of Equity Lifestyle Properties stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $72.17, for a total transaction of $432,586.98. Following the completion of the sale, the chief operating officer now owns 199,374 shares of the company’s stock, valued at approximately $14,388,821.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Equity Lifestyle Properties Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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