Equity Lifestyle Properties, Inc. (ELS) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lifted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 51,705 shares of the real estate investment trust’s stock after purchasing an additional 3,127 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Equity Lifestyle Properties worth $4,355,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ELS. Janus Henderson Group PLC grew its holdings in shares of Equity Lifestyle Properties by 2,051.3% during the second quarter. Janus Henderson Group PLC now owns 2,010,984 shares of the real estate investment trust’s stock worth $173,664,000 after purchasing an additional 1,917,506 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 18.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock worth $187,683,000 after purchasing an additional 345,194 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock worth $1,108,326,000 after purchasing an additional 343,326 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Equity Lifestyle Properties during the second quarter worth $337,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Equity Lifestyle Properties by 21.6% during the second quarter. Renaissance Technologies LLC now owns 1,684,500 shares of the real estate investment trust’s stock worth $145,440,000 after purchasing an additional 299,300 shares during the last quarter. Institutional investors own 97.86% of the company’s stock.

Equity Lifestyle Properties, Inc. (ELS) opened at $91.26 on Friday. The stock has a market capitalization of $8,016.00, a PE ratio of 25.93, a P/E/G ratio of 4.90 and a beta of 0.30. Equity Lifestyle Properties, Inc. has a 1-year low of $69.03 and a 1-year high of $91.90. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.34). The firm had revenue of $241.63 million during the quarter, compared to the consensus estimate of $226.85 million. Equity Lifestyle Properties had a net margin of 22.52% and a return on equity of 21.07%. Equity Lifestyle Properties’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.488 dividend. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 28th. This represents a $1.95 annualized dividend and a yield of 2.14%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 93.30%.

ELS has been the topic of several recent research reports. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Tuesday, August 29th. Citigroup raised their price target on Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Cantor Fitzgerald reiterated a “hold” rating and issued a $81.00 price target on shares of Equity Lifestyle Properties in a report on Monday, October 16th. Finally, BMO Capital Markets initiated coverage on Equity Lifestyle Properties in a report on Monday, October 9th. They issued a “market perform” rating and a $92.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $88.00.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/10/equity-lifestyle-properties-inc-els-shares-bought-by-great-west-life-assurance-co-can.html.

Equity Lifestyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

Receive News & Ratings for Equity Lifestyle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply