OxFORD Asset Management LLP Purchases 32,337 Shares of Equity Lifestyle Properties, Inc. (ELS)
OxFORD Asset Management LLP boosted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 820.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,276 shares of the real estate investment trust’s stock after purchasing an additional 32,337 shares during the quarter. OxFORD Asset Management LLP’s holdings in Equity Lifestyle Properties were worth $3,132,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ELS. Advisor Group Inc. grew its holdings in Equity Lifestyle Properties by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 125 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Equity Lifestyle Properties during the second quarter worth $155,000. Parallel Advisors LLC lifted its holdings in shares of Equity Lifestyle Properties by 5.7% during the first quarter. Parallel Advisors LLC now owns 2,162 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 117 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Equity Lifestyle Properties during the first quarter worth $200,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Equity Lifestyle Properties during the first quarter worth $210,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
Shares of Equity Lifestyle Properties, Inc. (NYSE ELS) opened at 85.08 on Monday. Equity Lifestyle Properties, Inc. has a 52 week low of $65.87 and a 52 week 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. The company has a market capitalization of $7.40 billion, a PE ratio of 42.22 and a beta of 0.32.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The business had revenue of $221.30 million for 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 company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, equities research analysts expect that Equity Lifestyle Properties, Inc. will post $2.14 earnings per share for the current year.
The firm 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 annualized dividend and a dividend yield of 2.29%. Equity Lifestyle Properties’s payout ratio is 97.02%.
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A number of brokerages have recently issued reports on ELS. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Tuesday, June 13th. Cantor Fitzgerald restated a “hold” rating and issued a $81.00 price target on shares of Equity Lifestyle Properties in a research note on Wednesday, September 13th. Finally, BidaskClub raised shares of Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.50.
In other Equity Lifestyle Properties news, Chairman Samuel Zell purchased 805,333 shares of the stock in a transaction dated Friday, July 21st. The shares were bought at an average price of $87.43 per share, with a total value of $70,410,264.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is owned by company insiders.
Equity Lifestyle Properties 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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