Equity Lifestyle Properties, Inc. (ELS) Holdings Cut by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,187 shares of the real estate investment trust’s stock after selling 1,868 shares during the quarter. California State Teachers Retirement System owned 0.14% of Equity Lifestyle Properties worth $11,163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. lifted its stake in Equity Lifestyle Properties by 2.2% in the first quarter. BlackRock Inc. now owns 6,718,663 shares of the real estate investment trust’s stock valued at $589,697,000 after buying an additional 146,868 shares during the period. Deutsche Bank AG lifted its stake in Equity Lifestyle Properties by 30.9% in the fourth quarter. Deutsche Bank AG now owns 2,652,370 shares of the real estate investment trust’s stock valued at $236,110,000 after buying an additional 626,542 shares during the period. Renaissance Technologies LLC lifted its stake in Equity Lifestyle Properties by 28.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,472,800 shares of the real estate investment trust’s stock valued at $220,129,000 after buying an additional 542,100 shares during the period. Schroder Investment Management Group lifted its stake in Equity Lifestyle Properties by 27.0% in the first quarter. Schroder Investment Management Group now owns 1,553,700 shares of the real estate investment trust’s stock valued at $136,369,000 after buying an additional 330,485 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in Equity Lifestyle Properties by 1.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,484,188 shares of the real estate investment trust’s stock valued at $130,268,000 after buying an additional 20,806 shares during the period. 96.08% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director David J. Contis sold 3,304 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $90.95, for a total transaction of $300,498.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Samuel Zell purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The shares were bought at an average price of $89.56 per share, with a total value of $1,791,200.00. Following the acquisition, the chairman now directly owns 305,427 shares of the company’s stock, valued at approximately $27,354,042.12. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.

ELS has been the topic of several recent analyst reports. Zacks Investment Research lowered Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Monday, April 16th. TheStreet upgraded Equity Lifestyle Properties from a “c+” rating to a “b-” rating in a report on Tuesday, May 1st. Finally, ValuEngine downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.00.

Equity Lifestyle Properties opened at $91.40 on Tuesday, according to MarketBeat Ratings. The company has a market cap of $8.13 billion, a PE ratio of 25.39, a PEG ratio of 4.98 and a beta of 0.20. Equity Lifestyle Properties, Inc. has a 52 week low of $79.78 and a 52 week high of $93.18. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.18.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, April 23rd. The real estate investment trust reported $1.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $232.72 million. Equity Lifestyle Properties had a return on equity of 20.26% and a net margin of 22.20%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. equities analysts anticipate 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. The ex-dividend date is Thursday, June 28th. This represents a $2.20 annualized dividend and a dividend yield of 2.41%. Equity Lifestyle Properties’s dividend payout ratio is 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 April 23, 2018, we own or have an interest in 409 quality properties in 32 states and British Columbia consisting of 152,658 sites.

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

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