Equity Lifestyle Properties, Inc. (ELS) Position Lifted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 11.4% during the first quarter, HoldingsChannel reports. The fund owned 14,083 shares of the real estate investment trust’s stock after acquiring an additional 1,440 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Equity Lifestyle Properties were worth $1,236,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ELS. Deutsche Bank AG raised its stake in shares of Equity Lifestyle Properties by 30.9% in the 4th quarter. Deutsche Bank AG now owns 2,652,370 shares of the real estate investment trust’s stock valued at $236,110,000 after acquiring an additional 626,542 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Equity Lifestyle Properties by 28.1% in the 4th quarter. Renaissance Technologies LLC now owns 2,472,800 shares of the real estate investment trust’s stock valued at $220,129,000 after acquiring an additional 542,100 shares in the last quarter. Schroder Investment Management Group increased its position in Equity Lifestyle Properties by 9.7% in the 4th quarter. Schroder Investment Management Group now owns 1,223,215 shares of the real estate investment trust’s stock worth $108,891,000 after buying an additional 107,848 shares during the period. Resolution Capital Ltd increased its position in Equity Lifestyle Properties by 9.2% in the 4th quarter. Resolution Capital Ltd now owns 1,214,680 shares of the real estate investment trust’s stock worth $108,131,000 after buying an additional 102,397 shares during the period. Finally, BlackRock Inc. increased its position in Equity Lifestyle Properties by 1.3% in the 4th quarter. BlackRock Inc. now owns 6,571,795 shares of the real estate investment trust’s stock worth $585,020,000 after buying an additional 84,939 shares during the period. 97.89% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $85.22, for a total transaction of $852,200.00. Following the sale, the executive vice president now owns 161,489 shares of the company’s stock, valued at approximately $13,762,092.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Samuel Zell acquired 20,000 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were purchased at an average cost of $89.56 per share, for a total transaction of $1,791,200.00. Following the acquisition, the chairman now directly owns 305,427 shares in the company, valued at approximately $27,354,042.12. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by company insiders.

ELS has been the topic of several recent analyst reports. TheStreet downgraded Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded 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 Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Cantor Fitzgerald set a $85.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Finally, ValuEngine raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Equity Lifestyle Properties presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Shares of NYSE ELS opened at $89.70 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 4.87 and a beta of 0.19. Equity Lifestyle Properties, Inc. has a 12 month low of $89.70 and a 12 month high of $90.18.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, April 23rd. The real estate investment trust reported $1.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04. Equity Lifestyle Properties had a return on equity of 20.26% and a net margin of 22.20%. The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $232.72 million. During the same period in the previous year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, June 28th. Equity Lifestyle Properties’s payout ratio is presently 61.11%.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of January 29, 2018, we own or have an interest in 406 quality properties in 32 states and British Columbia consisting of 151,323 sites.

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

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