Resona Asset Management Co. Ltd. Increases Stock Position in Equity Lifestyle Properties, Inc. $ELS

Resona Asset Management Co. Ltd. boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,575 shares of the real estate investment trust’s stock after purchasing an additional 8,782 shares during the period. Resona Asset Management Co. Ltd. owned approximately 0.06% of Equity Lifestyle Properties worth $6,791,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ELS. Massachusetts Financial Services Co. MA grew its stake in shares of Equity Lifestyle Properties by 114.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock valued at $326,272,000 after acquiring an additional 2,868,678 shares in the last quarter. Norges Bank acquired a new position in shares of Equity Lifestyle Properties in the second quarter worth about $164,862,000. Royal London Asset Management Ltd. boosted its holdings in Equity Lifestyle Properties by 1,520.4% in the second quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock valued at $109,267,000 after purchasing an additional 1,662,458 shares during the last quarter. Bank of America Corp DE grew its stake in Equity Lifestyle Properties by 53.6% during the 2nd quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust’s stock valued at $137,361,000 after purchasing an additional 777,107 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Equity Lifestyle Properties by 72.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,722,135 shares of the real estate investment trust’s stock valued at $106,204,000 after purchasing an additional 721,779 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Ratings Changes

ELS has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Zacks Research cut shares of Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Tuesday, January 20th. Evercore ISI dropped their target price on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

Equity Lifestyle Properties Stock Up 0.0%

ELS stock opened at $62.89 on Wednesday. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.54 and a beta of 0.77. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $70.35. The firm has a fifty day moving average price of $61.81 and a two-hundred day moving average price of $61.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05.

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.