Equity Lifestyle Properties, Inc. (ELS) Stake Decreased by Standard Life Aberdeen plc

Standard Life Aberdeen plc lowered its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 518,100 shares of the real estate investment trust’s stock after selling 258,587 shares during the quarter. Standard Life Aberdeen plc owned about 0.58% of Equity Lifestyle Properties worth $46,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Equity Lifestyle Properties by 1.3% in the fourth quarter. BlackRock Inc. now owns 6,571,795 shares of the real estate investment trust’s stock valued at $585,020,000 after acquiring an additional 84,939 shares during the period. Cohen & Steers Inc. raised its stake in shares of Equity Lifestyle Properties by 17.6% in the third quarter. Cohen & Steers Inc. now owns 4,830,757 shares of the real estate investment trust’s stock valued at $411,001,000 after acquiring an additional 724,655 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Equity Lifestyle Properties by 18.6% in the third 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 acquiring an additional 345,194 shares during the period. Janus Henderson Group PLC raised its stake in shares of Equity Lifestyle Properties by 0.4% in the third quarter. Janus Henderson Group PLC now owns 2,019,167 shares of the real estate investment trust’s stock valued at $171,789,000 after acquiring an additional 8,183 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Equity Lifestyle Properties by 4.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,463,382 shares of the real estate investment trust’s stock valued at $130,324,000 after acquiring an additional 63,201 shares during the period. 97.59% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties, Inc. (ELS) opened at $85.98 on Friday. The company has a market cap of $7,616.54, a PE ratio of 23.95, a P/E/G ratio of 4.26 and a beta of 0.20. Equity Lifestyle Properties, Inc. has a 12 month low of $75.60 and a 12 month high of $91.94. 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, January 29th. The real estate investment trust reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.33). The company had revenue of $229.99 million during the quarter, compared to analysts’ expectations of $210.71 million. Equity Lifestyle Properties had a return on equity of 21.47% and a net margin of 22.41%. analysts forecast that Equity Lifestyle Properties, Inc. will post 3.88 earnings per share for the current fiscal year.

ELS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, December 19th. TheStreet downgraded shares of Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. BMO Capital Markets set a $94.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Monday, February 5th. Cantor Fitzgerald set a $85.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $95.00 price target on shares of Equity Lifestyle Properties in a research note on Monday, December 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Equity Lifestyle Properties has an average rating of “Hold” and an average price target of $89.50.

In other Equity Lifestyle Properties news, insider Marguerite M. Nader sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $88.30, for a total transaction of $1,103,750.00. Following the transaction, the insider now owns 97,868 shares of the company’s stock, valued at approximately $8,641,744.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Howard Walker sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total transaction of $106,488.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,475 shares of company stock worth $1,894,283 in the last three months. Insiders own 6.10% of the company’s stock.

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Equity Lifestyle Properties Company 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)

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