WESPAC Advisors LLC Has $615,000 Stake in Equity Lifestyle Properties Inc. (ELS)
WESPAC Advisors LLC increased its stake in Equity Lifestyle Properties Inc. (NYSE:ELS) by 15.7% during the second quarter, Holdings Channel reports. The firm owned 7,688 shares of the company’s stock after buying an additional 1,046 shares during the period. WESPAC Advisors LLC’s holdings in Equity Lifestyle Properties were worth $615,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ELS. Checchi Capital Advisers LLC raised its stake in Equity Lifestyle Properties by 90.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,799 shares of the company’s stock valued at $144,000 after buying an additional 856 shares during the period. New York State Teachers Retirement System raised its stake in Equity Lifestyle Properties by 30.0% in the second quarter. New York State Teachers Retirement System now owns 2,600 shares of the company’s stock valued at $208,000 after buying an additional 600 shares during the period. Quadrature Capital Ltd bought a new stake in Equity Lifestyle Properties during the first quarter valued at $241,000. Zebra Capital Management LLC bought a new stake in Equity Lifestyle Properties during the first quarter valued at $284,000. Finally, Telemus Capital LLC bought a new stake in Equity Lifestyle Properties during the first quarter valued at $436,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.
Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) traded up 1.34% on Wednesday, hitting $78.39. The company had a trading volume of 350,595 shares. The firm has a 50-day moving average price of $78.66 and a 200 day moving average price of $75.27. Equity Lifestyle Properties Inc. has a 12-month low of $56.58 and a 12-month high of $83.19. The company has a market capitalization of $6.69 billion, a P/E ratio of 42.30 and a beta of 0.48.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The business earned $210.10 million during the quarter, compared to the consensus estimate of $114.76 million. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. Equity Lifestyle Properties’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. Equities analysts expect that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.425 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.17%. Equity Lifestyle Properties’s dividend payout ratio is 91.40%.
Several research firms recently weighed in on ELS. BMO Capital Markets restated a “hold” rating and issued a $77.00 target price on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Citigroup Inc. upped their price target on Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of Equity Lifestyle Properties in a report on Saturday, June 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$71.25.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated 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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