Goldman Sachs Group Inc. raised its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,031,201 shares of the real estate investment trust’s stock after acquiring an additional 22,021 shares during the period. Goldman Sachs Group Inc. owned 1.16% of Equity Lifestyle Properties worth $91,798,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Wolverine Asset Management LLC acquired a new stake in shares of Equity Lifestyle Properties during the 4th quarter worth $137,000. Quantbot Technologies LP acquired a new stake in Equity Lifestyle Properties in the 3rd quarter valued at $148,000. American International Group Inc. acquired a new stake in Equity Lifestyle Properties in the 4th quarter valued at $172,000. Advisor Group Inc. increased its holdings in Equity Lifestyle Properties by 37.5% in the 3rd quarter. Advisor Group Inc. now owns 2,048 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 559 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Equity Lifestyle Properties by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,577 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.
In related news, EVP Roger Maynard sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $85.22, for a total transaction of $852,200.00. Following the completion of the sale, the executive vice president now directly owns 161,489 shares in the company, valued at $13,762,092.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.20% of the company’s stock.
Shares of NYSE:ELS opened at $86.99 on Friday. Equity Lifestyle Properties, Inc. has a 52 week low of $78.85 and a 52 week high of $91.94. The company has a market capitalization of $7,786.39, a price-to-earnings ratio of 24.16, a PEG ratio of 4.35 and a beta of 0.19. 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 posted its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.33). Equity Lifestyle Properties had a net margin of 22.41% and a return on equity of 20.84%. The company had revenue of $229.99 million for the quarter, compared to analyst estimates of $210.71 million. sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.53%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, March 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 61.11%.
A number of equities analysts have weighed in on ELS shares. TheStreet cut shares of Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. BMO Capital Markets set a $95.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Robert W. Baird set a $90.00 price target on shares of Equity Lifestyle Properties and gave the stock a “neutral” rating in a research report on Friday, January 5th. Finally, Cantor Fitzgerald set a $85.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of $88.67.
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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.
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