Nomura Asset Management Co. Ltd. Has $21.20 Million Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 349,759 shares of the real estate investment trust’s stock after acquiring an additional 9,540 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Equity Lifestyle Properties were worth $21,199,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fermata Advisors LLC boosted its position in shares of Equity Lifestyle Properties by 471.9% during the fourth quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 28,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Equity Lifestyle Properties by 11.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock worth $20,206,000 after purchasing an additional 34,946 shares in the last quarter. Argosy Lionbridge Management LLC bought a new position in shares of Equity Lifestyle Properties during the third quarter worth $3,703,000. ProShare Advisors LLC boosted its position in shares of Equity Lifestyle Properties by 10.8% during the third quarter. ProShare Advisors LLC now owns 586,269 shares of the real estate investment trust’s stock worth $35,587,000 after purchasing an additional 56,913 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Equity Lifestyle Properties by 232.3% during the third quarter. Swiss Life Asset Management Ltd now owns 56,617 shares of the real estate investment trust’s stock worth $3,437,000 after purchasing an additional 39,580 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Down 1.5%

ELS opened at $60.83 on Tuesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $69.00. The firm’s fifty day simple moving average is $63.24 and its 200 day simple moving average is $63.58. The stock 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.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly 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 net margin of 24.99% and a return on equity of 21.22%. The business had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.5425 dividend. 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 payout ratio is presently 108.50%.

Insider Transactions at Equity Lifestyle Properties

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Robert W. Baird lifted their price target on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets reissued 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. Zelman & Associates started coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They issued an “underperform” rating and a $59.25 price objective on the stock. Finally, Mizuho started coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.20.

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.