Goldman Sachs Group Inc. lifted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,031,201 shares of the real estate investment trust’s stock after purchasing an additional 22,021 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Equity Lifestyle Properties were worth $91,798,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in shares of Equity Lifestyle Properties in the fourth quarter valued at about $137,000. Quantbot Technologies LP bought a new position in shares of Equity Lifestyle Properties in the third quarter valued at about $148,000. American International Group Inc. bought a new position in shares of Equity Lifestyle Properties in the fourth quarter valued at about $172,000. Advisor Group Inc. raised its holdings in shares of Equity Lifestyle Properties by 37.5% in the third quarter. Advisor Group Inc. now owns 2,048 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 559 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Equity Lifestyle Properties by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 178 shares during the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, December 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $95.00 price target on shares of Equity Lifestyle Properties in a report on Tuesday, January 9th. Evercore ISI raised Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a report on Monday, December 4th. Cantor Fitzgerald set a $85.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, January 30th. Finally, TheStreet cut Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $89.50.
In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,200 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total transaction of $106,488.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Seavey sold 7,775 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $87.98, for a total value of $684,044.50. Following the sale, the chief financial officer now directly owns 48,502 shares of the company’s stock, valued at $4,267,205.96. The disclosure for this sale can be found here. Insiders have sold a total of 21,475 shares of company stock valued at $1,894,283 over the last three months. Company insiders own 6.10% of the company’s stock.
Shares of Equity Lifestyle Properties, Inc. (ELS) opened at $85.64 on Thursday. The firm has a market capitalization of $7,593.83, a PE ratio of 23.84, a price-to-earnings-growth ratio of 4.24 and a beta of 0.23. Equity Lifestyle Properties, Inc. has a twelve month low of $75.91 and a twelve month high of $91.94. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21.
Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.33). The firm had revenue of $229.99 million for the quarter, compared to the consensus estimate of $210.71 million. Equity Lifestyle Properties had a return on equity of 20.84% and a net margin of 22.41%. equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.55 per share. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $2.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, March 28th. Equity Lifestyle Properties’s payout ratio is currently 89.86%.
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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.
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