Fulton Breakefield Broenniman LLC boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 128.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,812 shares of the real estate investment trust’s stock after purchasing an additional 3,831 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Equity Lifestyle Properties were worth $479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its holdings in shares of Equity Lifestyle Properties by 533.0% during the second quarter. Nuveen Asset Management LLC now owns 2,143,599 shares of the real estate investment trust’s stock worth $260,104,000 after buying an additional 1,804,951 shares in the last quarter. BlackRock Inc. boosted its position in Equity Lifestyle Properties by 8.0% during the second quarter. BlackRock Inc. now owns 8,723,286 shares of the real estate investment trust’s stock valued at $1,058,483,000 after acquiring an additional 642,897 shares during the last quarter. Invesco Ltd. boosted its position in Equity Lifestyle Properties by 14.4% during the second quarter. Invesco Ltd. now owns 2,048,151 shares of the real estate investment trust’s stock valued at $248,523,000 after acquiring an additional 258,030 shares during the last quarter. California Public Employees Retirement System boosted its position in Equity Lifestyle Properties by 140.3% during the third quarter. California Public Employees Retirement System now owns 369,032 shares of the real estate investment trust’s stock valued at $49,303,000 after acquiring an additional 215,482 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Equity Lifestyle Properties by 115.5% during the second quarter. Royal Bank of Canada now owns 400,224 shares of the real estate investment trust’s stock valued at $48,564,000 after acquiring an additional 214,512 shares during the last quarter. Hedge funds and other institutional investors own 46.12% of the company’s stock.

Shares of NYSE ELS opened at $70.59 on Wednesday. Equity Lifestyle Properties, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $74.55. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 4.54 and a beta of 0.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. The firm’s 50-day simple moving average is $70.71 and its 200 day simple moving average is $103.30.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.19). The business had revenue of $271.20 million during the quarter, compared to the consensus estimate of $256.13 million. Equity Lifestyle Properties had a net margin of 27.47% and a return on equity of 22.11%. Equity Lifestyle Properties’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. On average, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 2.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.306 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.22 annualized dividend and a yield of 1.73%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 63.73%.

In other Equity Lifestyle Properties news, COO Patrick Waite sold 5,994 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $72.17, for a total value of $432,586.98. Following the completion of the sale, the chief operating officer now owns 199,374 shares in the company, valued at approximately $14,388,821.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.10% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Co reissued a “hold” rating on shares of Equity Lifestyle Properties in a research report on Friday, December 6th. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “sell” rating in a research report on Tuesday, January 7th. ValuEngine cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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

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