Clearbridge Investments LLC purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 50,750 shares of the real estate investment trust’s stock, valued at approximately $2,917,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Taylor Hoffman Wealth Management grew its holdings in Equity Lifestyle Properties by 100.0% in the fourth quarter. Taylor Hoffman Wealth Management now owns 394 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 197 shares during the period. CSat Investment Advisory L.P. lifted its stake in shares of Equity Lifestyle Properties by 127.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 403 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 226 shares in the last quarter. Synovus Financial Corp bought a new position in shares of Equity Lifestyle Properties in the first quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new position in shares of Equity Lifestyle Properties in the first quarter worth approximately $26,000. Finally, Credit Agricole S A bought a new position in shares of Equity Lifestyle Properties in the first quarter worth approximately $26,000. Institutional investors own 91.42% of the company’s stock.

A number of research analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Equity Lifestyle Properties from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Evercore ISI upgraded shares of Equity Lifestyle Properties from an “in-line” rating to an “outperform” rating in a research report on Monday, March 30th. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Wells Fargo & Co lowered their price objective on shares of Equity Lifestyle Properties from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $72.00 price target (down from $76.00) on shares of Equity Lifestyle Properties in a research report on Monday, April 20th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $71.00.

Shares of NYSE ELS opened at $61.65 on Tuesday. The firm has a fifty day moving average price of $62.09 and a 200-day moving average price of $65.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market cap of $11.29 billion, a PE ratio of 48.35, a price-to-earnings-growth ratio of 6.08 and a beta of 0.47. Equity Lifestyle Properties, Inc. has a 1 year low of $41.97 and a 1 year high of $77.55.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $267.62 million. Equity Lifestyle Properties had a return on equity of 18.15% and a net margin of 22.58%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. On average, research analysts expect that Equity Lifestyle Properties, Inc. will post 2.07 EPS for the current year.

Equity Lifestyle Properties Profile

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.

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

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