Assetmark Inc. lowered its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 85.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,298 shares of the real estate investment trust’s stock after selling 98,641 shares during the quarter. Assetmark Inc.’s holdings in Equity Lifestyle Properties were worth $1,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KCG Holdings Inc. acquired a new stake in shares of Equity Lifestyle Properties during the 1st quarter valued at approximately $278,000. Capstone Asset Management Co. lifted its position in shares of Equity Lifestyle Properties by 7.4% during the 2nd quarter. Capstone Asset Management Co. now owns 2,885 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 200 shares during the period. Aperio Group LLC lifted its position in shares of Equity Lifestyle Properties by 40.7% during the 2nd quarter. Aperio Group LLC now owns 22,410 shares of the real estate investment trust’s stock valued at $1,935,000 after acquiring an additional 6,488 shares during the period. Forsta AP Fonden lifted its position in shares of Equity Lifestyle Properties by 162.1% during the 2nd quarter. Forsta AP Fonden now owns 22,800 shares of the real estate investment trust’s stock valued at $1,969,000 after acquiring an additional 14,100 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Equity Lifestyle Properties by 132.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 563,498 shares of the real estate investment trust’s stock valued at $48,615,000 after acquiring an additional 320,685 shares during the period. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Citigroup Inc. lifted their price objective on Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Cantor Fitzgerald restated a “hold” rating and set a $81.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, October 16th. BMO Capital Markets assumed coverage on Equity Lifestyle Properties in a research report on Monday, October 9th. They set a “market perform” rating and a $92.00 price objective for the company. Finally, Robert W. Baird downgraded Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $87.67.

Shares of Equity Lifestyle Properties, Inc. (NYSE ELS) traded down $0.85 on Friday, reaching $89.81. The company’s stock had a trading volume of 241,600 shares, compared to its average volume of 374,173. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $7,888.62, a P/E ratio of 25.51, a PEG ratio of 4.82 and a beta of 0.31. Equity Lifestyle Properties, Inc. has a 52 week low of $67.52 and a 52 week high of $90.86.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a net margin of 22.61% and a return on equity of 20.99%. The company had revenue of $241.63 million for the quarter, compared to analysts’ expectations of $226.85 million. During the same period in the prior year, the firm earned $0.83 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.488 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 2.17%. Equity Lifestyle Properties’s payout ratio is currently 93.30%.

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Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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.

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

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