Fmr LLC decreased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 4.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,030,991 shares of the real estate investment trust’s stock after selling 508,341 shares during the quarter. Fmr LLC owned 13.83% of Equity Lifestyle Properties worth $1,038,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Profund Advisors LLC grew its stake in shares of Equity Lifestyle Properties by 0.3% during the first quarter. Profund Advisors LLC now owns 3,199 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 8 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Equity Lifestyle Properties by 3.8% during the second quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 82 shares during the last quarter. Laurion Capital Management LP grew its stake in shares of Equity Lifestyle Properties by 3.2% during 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 buying an additional 100 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Equity Lifestyle Properties by 1.9% during the second quarter. Alps Advisors Inc. now owns 6,922 shares of the real estate investment trust’s stock valued at $598,000 after buying an additional 130 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Equity Lifestyle Properties by 0.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 18,304 shares of the real estate investment trust’s stock valued at $1,580,000 after buying an additional 136 shares during the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Samuel Zell bought 805,333 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on ELS shares. BidaskClub raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.00.

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Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) opened at 86.10 on Friday. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 42.73 and a beta of 0.32. Equity Lifestyle Properties, Inc. has a one year low of $65.87 and a one year high of $90.80. The company has a 50 day moving average price of $87.91 and a 200-day moving average price of $83.96.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.4875 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.95 annualized dividend and a yield of 2.26%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 97.02%.

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

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