Equity Lifestyle Properties, Inc. (ELS) Stake Decreased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,263,615 shares of the real estate investment trust’s stock after selling 119,985 shares during the quarter. Daiwa Securities Group Inc. owned 1.41% of Equity Lifestyle Properties worth $121,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ELS. First Hawaiian Bank bought a new position in shares of Equity Lifestyle Properties during the third quarter worth $113,000. Qube Research & Technologies Ltd bought a new position in shares of Equity Lifestyle Properties during the second quarter worth $156,000. American Investment Services Inc. bought a new position in shares of Equity Lifestyle Properties during the third quarter worth $203,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Equity Lifestyle Properties during the second quarter worth $204,000. Finally, Chicago Equity Partners LLC bought a new position in shares of Equity Lifestyle Properties during the second quarter worth $207,000. 95.41% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on ELS shares. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Wells Fargo & Co boosted their price objective on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. ValuEngine raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Bank of America boosted their price objective on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, BMO Capital Markets boosted their price objective on shares of Equity Lifestyle Properties from $96.00 to $99.00 and gave the company a “market perform” rating in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Equity Lifestyle Properties presently has an average rating of “Hold” and a consensus target price of $96.93.

ELS opened at $93.99 on Friday. The firm has a market capitalization of $8.44 billion, a P/E ratio of 24.41, a P/E/G ratio of 4.18 and a beta of 0.15. Equity Lifestyle Properties, Inc. has a 12 month low of $79.78 and a 12 month high of $98.53. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 22nd. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $256.70 million for the quarter, compared to analysts’ expectations of $240.19 million. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. As a group, equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be given a $0.55 dividend. The ex-dividend date is Thursday, December 27th. This represents a $2.20 annualized dividend and a yield of 2.34%. Equity Lifestyle Properties’s dividend payout ratio is currently 61.11%.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of July 23, 2018, we own or have an interest in 410 quality properties in 32 states and British Columbia consisting of 153,549 sites.

See Also: Float

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

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