Cbre Investment Management Listed Real Assets LLC Takes $2.32 Million Position in Equity Lifestyle Properties, Inc. $ELS

Cbre Investment Management Listed Real Assets LLC bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 38,295 shares of the real estate investment trust’s stock, valued at approximately $2,321,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pring Turner Capital Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 0.5% in the 4th quarter. Pring Turner Capital Group Inc. now owns 74,255 shares of the real estate investment trust’s stock valued at $4,501,000 after acquiring an additional 359 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Equity Lifestyle Properties by 2.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 349,759 shares of the real estate investment trust’s stock valued at $21,199,000 after acquiring an additional 9,540 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Equity Lifestyle Properties by 21.5% in the 4th quarter. BNP Paribas Financial Markets now owns 156,313 shares of the real estate investment trust’s stock valued at $9,474,000 after acquiring an additional 27,614 shares during the last quarter. Viawealth LLC bought a new stake in shares of Equity Lifestyle Properties in the 4th quarter valued at about $208,000. Finally, Norges Bank bought a new stake in shares of Equity Lifestyle Properties in the 4th quarter valued at about $125,352,000. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Down 1.5%

Shares of NYSE:ELS opened at $60.83 on Tuesday. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $69.00. The firm has a market capitalization of $11.80 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.76 and a beta of 0.69. The stock has a 50 day moving average price of $63.24 and a 200-day moving average price of $63.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million during the quarter, compared to the consensus estimate of $395.71 million. During the same period in the prior year, the company posted $0.57 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Insider Buying and Selling

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the sale, the director directly owned 14,890 shares in the company, valued at approximately $1,000,905.80. This trade represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of recent research reports. Zelman & Associates initiated coverage on Equity Lifestyle Properties in a research note on Monday, March 16th. They issued an “underperform” rating and a $59.25 target price for the company. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Zacks Research raised Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 price target (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.20.

Equity Lifestyle Properties Profile

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.