Quadrant Capital Group LLC Increases Stock Position in Equity Lifestyle Properties, Inc. $ELS

Quadrant Capital Group LLC grew its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 71.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,481 shares of the real estate investment trust’s stock after buying an additional 6,452 shares during the period. Quadrant Capital Group LLC’s holdings in Equity Lifestyle Properties were worth $955,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC purchased a new position in Equity Lifestyle Properties during the 1st quarter valued at about $142,937,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Equity Lifestyle Properties by 101.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock valued at $83,479,000 after purchasing an additional 630,065 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equity Lifestyle Properties by 12.2% during the second quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock valued at $291,363,000 after purchasing an additional 515,063 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Equity Lifestyle Properties by 535.2% in the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock worth $24,623,000 after purchasing an additional 311,053 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Equity Lifestyle Properties in the 1st quarter worth approximately $20,259,000. 97.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of recent research reports. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Wells Fargo & Company lowered their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Evercore ISI cut their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.14.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $62.87 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05. The business has a 50-day simple moving average of $61.70 and a two-hundred day simple moving average of $61.67. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $72.57. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $393.31 million for the quarter, compared to analysts’ expectations of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. On average, analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is currently 103.52%.

Equity Lifestyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.