Nationwide Fund Advisors cut its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,737 shares of the real estate investment trust’s stock after selling 4,644 shares during the period. Nationwide Fund Advisors owned about 0.06% of Equity Lifestyle Properties worth $3,910,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ELS. National Asset Management Inc. raised its position in Equity Lifestyle Properties by 1.0% in the third quarter. National Asset Management Inc. now owns 3,384 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 32 shares during the last quarter. Dean Investment Associates LLC raised its position in Equity Lifestyle Properties by 1.3% in the third quarter. Dean Investment Associates LLC now owns 10,288 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 131 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its position in Equity Lifestyle Properties by 6.0% in the first quarter. Beese Fulmer Investment Management Inc. now owns 3,510 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Equity Lifestyle Properties by 9.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 378 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Equity Lifestyle Properties by 31.3% in the fourth quarter. GSA Capital Partners LLP now owns 3,705 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 883 shares during the last quarter. Institutional investors own 93.40% of the company’s stock.

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

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) traded down 1.07% during midday trading on Thursday, reaching $84.97. 593,507 shares of the company traded hands. The company’s 50 day moving average is $81.52 and its 200-day moving average is $75.64. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 42.91 and a beta of 0.33. Equity Lifestyle Properties, Inc. has a 12 month low of $65.87 and a 12 month high of $86.09.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, April 17th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $232.40 million for the quarter, compared to analysts’ expectations of $218.28 million. Equity Lifestyle Properties had a net margin of 21.50% and a return on equity of 20.43%. Equity Lifestyle Properties’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. Equities research analysts forecast that Equity Lifestyle Properties, Inc. will post $2.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.4875 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.95 dividend on an annualized basis and a yield of 2.27%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 88.08%.

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Several research firms have weighed in on ELS. TheStreet upgraded shares of Equity Lifestyle Properties from a “c+” rating to a “b” rating in a report on Monday, April 17th. Evercore ISI upped their price objective on shares of Equity Lifestyle Properties from $74.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, April 18th. Cantor Fitzgerald upped their price objective on shares of Equity Lifestyle Properties from $73.00 to $73.50 and gave the stock a “neutral” rating in a report on Friday, January 27th. Finally, Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Equity Lifestyle Properties has an average rating of “Hold” and a consensus target price of $78.25.

In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,608 shares of Equity Lifestyle Properties stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $82.11, for a total transaction of $132,032.88. Following the transaction, the insider now directly owns 57,265 shares of the company’s stock, valued at $4,702,029.15. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 10.90% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

12 Month Chart for NYSE:ELS

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