Capital Analysts LLC Raises Stake in Equity Lifestyle Properties, Inc. (ELS)

Capital Analysts LLC increased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 5,228.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,021 shares of the real estate investment trust’s stock after buying an additional 22,589 shares during the period. Capital Analysts LLC’s holdings in Equity Lifestyle Properties were worth $3,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ELS. Cohen & Steers Inc. grew its stake in shares of Equity Lifestyle Properties by 17.6% in the 3rd quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock valued at $411,001,000 after buying an additional 724,655 shares during the period. Capital Growth Management LP grew its stake in shares of Equity Lifestyle Properties by 900.0% in the 3rd quarter. Capital Growth Management LP now owns 500,000 shares of the real estate investment trust’s stock valued at $42,540,000 after buying an additional 450,000 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Equity Lifestyle Properties by 18.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,958 shares of the real estate investment trust’s stock valued at $187,683,000 after buying an additional 345,194 shares during the period. Nationwide Fund Advisors grew its stake in shares of Equity Lifestyle Properties by 565.3% in the 3rd quarter. Nationwide Fund Advisors now owns 320,310 shares of the real estate investment trust’s stock valued at $27,252,000 after buying an additional 272,163 shares during the period. Finally, Uniplan Investment Counsel Inc. acquired a new stake in shares of Equity Lifestyle Properties in the 3rd quarter valued at about $16,478,000. Institutional investors own 97.59% of the company’s stock.

In other news, CFO Paul Seavey sold 7,775 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $87.98, for a total value of $684,044.50. Following the transaction, the chief financial officer now owns 48,502 shares in the company, valued at approximately $4,267,205.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marguerite M. Nader sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $88.30, for a total value of $1,103,750.00. Following the completion of the transaction, the insider now owns 97,868 shares in the company, valued at approximately $8,641,744.40. The disclosure for this sale can be found here. Insiders sold a total of 21,475 shares of company stock worth $1,894,283 in the last 90 days. Company insiders own 6.10% of the company’s stock.

A number of research firms have issued reports on ELS. BMO Capital Markets set a $94.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Monday, February 5th. Cantor Fitzgerald set a $85.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, January 30th. TheStreet downgraded Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. Robert W. Baird set a $90.00 price target on Equity Lifestyle Properties and gave the company a “neutral” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $89.50.

Equity Lifestyle Properties, Inc. (NYSE ELS) opened at $84.44 on Friday. The stock has a market capitalization of $7,469.50, a PE ratio of 38.91, a price-to-earnings-growth ratio of 4.18 and a beta of 0.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties, Inc. has a 12 month low of $75.60 and a 12 month high of $91.94.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.33). The company had revenue of $229.99 million for the quarter, compared to analyst estimates of $210.71 million. Equity Lifestyle Properties had a net margin of 22.41% and a return on equity of 21.47%. equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.88 earnings per share for the current fiscal year.

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About Equity Lifestyle Properties

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.

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

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