Corient Private Wealth LP Buys New Shares in Equity Lifestyle Properties, Inc. $ELS

Corient Private Wealth LP purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 2nd quarter, Holdings Channel reports. The firm purchased 39,552 shares of the real estate investment trust’s stock, valued at approximately $2,549,000.

A number of other large investors also recently bought and sold shares of ELS. Empowered Funds LLC boosted its holdings in shares of Equity Lifestyle Properties by 3.5% in the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 169 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Equity Lifestyle Properties by 30.3% during the 1st quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 171 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Equity Lifestyle Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 172 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Equity Lifestyle Properties by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 178 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Equity Lifestyle Properties by 3.5% during the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock opened at $63.14 on Thursday. Equity Lifestyle Properties, Inc. has a 52-week low of $58.72 and a 52-week high of $69.00. The firm has a fifty day moving average of $64.89 and a 200-day moving average of $64.54. The firm has a market capitalization of $12.25 billion, a P/E ratio of 30.35, a PEG ratio of 3.68 and a beta of 0.64. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.22). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The business had revenue of $397.81 million for the quarter, compared to analyst estimates of $383.66 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is currently 104.33%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a report on Thursday, July 9th. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Barclays set a $69.00 price objective on Equity Lifestyle Properties and gave the stock an “equal weight” rating in a report on Monday, August 17th. Finally, Wells Fargo & Company reduced their price objective on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.52.

Equity Lifestyle Properties Company 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.