Kempen Capital Management N.V. trimmed its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,894 shares of the real estate investment trust’s stock after selling 339 shares during the period. Kempen Capital Management N.V.’s holdings in Equity Lifestyle Properties were worth $1,891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Thrivent Financial For Lutherans increased its holdings in Equity Lifestyle Properties by 0.4% in the second quarter. Thrivent Financial For Lutherans now owns 68,418 shares of the real estate investment trust’s stock valued at $5,907,000 after purchasing an additional 280 shares during the period. Profund Advisors LLC increased its holdings in Equity Lifestyle Properties by 26.3% in the second quarter. Profund Advisors LLC now owns 4,040 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 841 shares during the period. Laurion Capital Management LP increased its holdings in Equity Lifestyle Properties by 3.2% in the second quarter. Laurion Capital Management LP now owns 3,200 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 100 shares during the period. BT Investment Management Ltd acquired a new stake in Equity Lifestyle Properties in the second quarter valued at $1,459,000. Finally, Amalgamated Bank increased its holdings in Equity Lifestyle Properties by 37.2% in the second quarter. Amalgamated Bank now owns 15,308 shares of the real estate investment trust’s stock valued at $1,322,000 after purchasing an additional 4,151 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Shares of Equity Lifestyle Properties, Inc. (ELS) traded down 0.28% during mid-day trading on Tuesday, reaching $87.85. The company’s stock had a trading volume of 19,283 shares. The company’s 50-day moving average is $87.90 and its 200 day moving average is $83.90. Equity Lifestyle Properties, Inc. has a 12 month low of $65.87 and a 12 month high of $90.80. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 43.60 and a beta of 0.32.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The business had revenue of $221.30 million during the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post $2.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.4875 dividend. This represents a $1.95 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, September 28th. Equity Lifestyle Properties’s dividend payout ratio is presently 97.02%.

A number of research firms recently weighed in on ELS. Robert W. Baird downgraded Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective for the company. in a report on Friday, September 8th. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, September 14th. Cantor Fitzgerald restated a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a report on Wednesday, September 13th. Finally, BidaskClub upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $86.75.

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In other Equity Lifestyle Properties news, Chairman Samuel Zell purchased 805,333 shares of the stock in a transaction on Friday, July 21st. The stock was acquired at an average cost of $87.43 per share, with a total value of $70,410,264.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.10% 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.

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

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