Robeco Institutional Asset Management B.V. Has $43.20 Million Stock Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Robeco Institutional Asset Management B.V. raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 99.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 613,767 shares of the real estate investment trust’s stock after acquiring an additional 305,383 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.34% of Equity Lifestyle Properties worth $43,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Equity Lifestyle Properties by 1.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,806 shares of the real estate investment trust’s stock worth $1,176,000 after buying an additional 123 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Equity Lifestyle Properties by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 810 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 162 shares during the period. Dupont Capital Management Corp raised its stake in shares of Equity Lifestyle Properties by 0.8% in the 3rd quarter. Dupont Capital Management Corp now owns 30,175 shares of the real estate investment trust’s stock valued at $4,031,000 after purchasing an additional 249 shares during the period. Lindbrook Capital LLC raised its stake in shares of Equity Lifestyle Properties by 126.3% in the 4th quarter. Lindbrook Capital LLC now owns 464 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 259 shares during the period. Finally, Huntington National Bank raised its stake in shares of Equity Lifestyle Properties by 121.4% in the 4th quarter. Huntington National Bank now owns 496 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 272 shares during the period. 47.44% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Patrick Waite sold 5,994 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $72.17, for a total transaction of $432,586.98. Following the completion of the sale, the chief operating officer now owns 199,374 shares in the company, valued at $14,388,821.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Several analysts have issued reports on ELS shares. Zacks Investment Research raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Thursday, January 30th. BMO Capital Markets raised Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. ValuEngine downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a research report on Friday, December 6th. Finally, Robert W. Baird lifted their target price on Equity Lifestyle Properties from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $72.25.

Shares of NYSE:ELS traded up $0.63 during midday trading on Friday, reaching $74.93. The company had a trading volume of 6,382 shares, compared to its average volume of 783,796. Equity Lifestyle Properties, Inc. has a 1-year low of $53.47 and a 1-year high of $74.57. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock has a market cap of $13.31 billion, a PE ratio of 48.83, a P/E/G ratio of 5.58 and a beta of 0.20. The business’s 50 day moving average price is $71.29 and its 200 day moving average price is $95.51.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.22). Equity Lifestyle Properties had a return on equity of 22.05% and a net margin of 27.53%. The business had revenue of $258.60 million for the quarter, compared to the consensus estimate of $254.87 million. During the same quarter in the previous year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts expect that Equity Lifestyle Properties, Inc. will post 2.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.343 per share. This represents a $1.37 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 26th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.31. Equity Lifestyle Properties’s payout ratio is currently 58.85%.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

Further Reading: Dividend

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

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