Canada Pension Plan Investment Board Has $1.08 Million Stake in Equity Lifestyle Properties, Inc. (ELS)
Canada Pension Plan Investment Board raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 25.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 12,500 shares of the real estate investment trust’s stock after buying an additional 2,500 shares during the period. Canada Pension Plan Investment Board’s holdings in Equity Lifestyle Properties were worth $1,079,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. acquired a new stake in Equity Lifestyle Properties during the first quarter worth approximately $207,000. Profund Advisors LLC boosted its stake in Equity Lifestyle Properties by 0.3% in the first quarter. Profund Advisors LLC now owns 3,199 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 8 shares during the last quarter. ProShare Advisors LLC boosted its stake in Equity Lifestyle Properties by 676.6% in the first quarter. ProShare Advisors LLC now owns 164,844 shares of the real estate investment trust’s stock worth $1,719,000 after buying an additional 143,617 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in Equity Lifestyle Properties by 103.8% in the first quarter. Sit Investment Associates Inc. now owns 2,650 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 1,350 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its stake in Equity Lifestyle Properties by 80.5% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 15,973 shares of the real estate investment trust’s stock worth $1,231,000 after buying an additional 7,126 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.
Shares of Equity Lifestyle Properties, Inc. (ELS) opened at 88.29 on Wednesday. The company has a 50-day moving average price of $86.87 and a 200-day moving average price of $82.58. Equity Lifestyle Properties, Inc. has a 52 week low of $65.87 and a 52 week high of $89.50. The company has a market capitalization of $7.68 billion, a PE ratio of 43.82 and a beta of 0.31.
Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, July 17th. The real estate investment trust reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. Equity Lifestyle Properties had a return on equity of 20.64% and a net margin of 22.00%. The firm had revenue of $221.30 million for the quarter, compared to the consensus estimate of $209.80 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Analysts predict that Equity Lifestyle Properties, Inc. will post $2.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.4875 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.21%. Equity Lifestyle Properties’s payout ratio is 97.02%.
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A number of equities research analysts have recently commented on ELS shares. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. BidaskClub upgraded Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $81.00 target price (up from $75.00) on shares of Equity Lifestyle Properties in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Equity Lifestyle Properties currently has a consensus rating of “Hold” and an average price target of $83.75.
In related news, Chairman Samuel Zell bought 805,333 shares of the stock in a transaction dated Friday, July 21st. The shares were purchased at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by corporate insiders.
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.
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