Dimensional Fund Advisors LP raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,132,341 shares of the real estate investment trust’s stock after acquiring an additional 45,134 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.30% of Equity Lifestyle Properties worth $97,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ELS. BlackRock Inc. lifted its position in shares of Equity Lifestyle Properties by 4,674.0% in the first quarter. BlackRock Inc. now owns 6,050,846 shares of the real estate investment trust’s stock valued at $466,277,000 after buying an additional 5,924,100 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Equity Lifestyle Properties by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock worth $1,108,326,000 after acquiring an additional 343,326 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Equity Lifestyle Properties by 132.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 563,498 shares of the real estate investment trust’s stock worth $48,615,000 after acquiring an additional 320,685 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Equity Lifestyle Properties by 21.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,684,500 shares of the real estate investment trust’s stock worth $145,440,000 after acquiring an additional 299,300 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 19.6% during the 2nd quarter. Teachers Advisors LLC now owns 935,930 shares of the real estate investment trust’s stock worth $80,808,000 after acquiring an additional 153,352 shares during the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.

In related news, Chairman Samuel Zell purchased 805,333 shares of Equity Lifestyle Properties stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is currently owned by corporate insiders.

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A number of equities research analysts recently weighed in on ELS shares. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Thursday, September 21st. BidaskClub raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Robert W. Baird cut shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Friday, September 8th. One equities research 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. The stock has an average rating of “Hold” and a consensus price target of $86.50.

Equity Lifestyle Properties, Inc. (ELS) opened at 85.50 on Wednesday. The company has a market capitalization of $7.44 billion, a PE ratio of 42.43 and a beta of 0.32. The firm has a 50-day moving average of $87.59 and a 200 day moving average of $84.57. Equity Lifestyle Properties, Inc. has a 12-month low of $65.87 and a 12-month high of $90.80.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, July 17th. The real estate investment trust reported $0.81 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.81. The company had revenue of $221.30 million for the quarter, compared to analysts’ expectations of $209.80 million. Equity Lifestyle Properties had a return on equity of 20.64% and a net margin of 22.00%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. Analysts forecast that Equity Lifestyle Properties, Inc. will post $2.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.4875 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.95 annualized dividend and a yield of 2.28%. Equity Lifestyle Properties’s payout ratio is currently 97.02%.

About Equity Lifestyle Properties

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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