Equity Lifestyle Properties, Inc. (ELS) To Go Ex-Dividend on March 27th

Equity Lifestyle Properties, Inc. (NYSE:ELS) announced a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Friday, March 27th will be paid a dividend of 0.5425 per share by the real estate investment trust on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. This is a 5.3% increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52.

Equity Lifestyle Properties has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Equity Lifestyle Properties has a dividend payout ratio of 102.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Equity Lifestyle Properties to earn $3.25 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 66.8%.

Equity Lifestyle Properties Stock Up 0.3%

Shares of ELS stock opened at $63.33 on Wednesday. Equity Lifestyle Properties has a 52-week low of $58.15 and a 52-week high of $69.15. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 3.51 and a beta of 0.75. The firm’s 50-day moving average is $65.75 and its 200-day moving average is $62.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.04 and a current ratio of 0.04.

Insiders Place Their Bets

In related news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director directly owned 14,890 shares in the company, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ELS. GoalVest Advisory LLC bought a new stake in shares of Equity Lifestyle Properties in the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC acquired a new position in Equity Lifestyle Properties in the 3rd quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares during the period. Clearstead Trust LLC grew its holdings in shares of Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in shares of Equity Lifestyle Properties in the third quarter worth $34,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.