Resolution Capital Ltd cut its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.9% during the 1st quarter, HoldingsChannel reports. The fund owned 1,103,923 shares of the real estate investment trust’s stock after selling 21,019 shares during the period. Equity Lifestyle Properties makes up approximately 4.1% of Resolution Capital Ltd’s holdings, making the stock its 10th biggest holding. Resolution Capital Ltd’s holdings in Equity Lifestyle Properties were worth $126,178,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ELS. Standard Life Aberdeen plc increased its holdings in Equity Lifestyle Properties by 4.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 600,800 shares of the real estate investment trust’s stock worth $57,944,000 after purchasing an additional 23,018 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Equity Lifestyle Properties by 2.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 21,211 shares of the real estate investment trust’s stock valued at $2,046,000 after purchasing an additional 574 shares during the period. LPL Financial LLC acquired a new position in Equity Lifestyle Properties during the 3rd quarter valued at approximately $653,000. Man Group plc boosted its position in Equity Lifestyle Properties by 47.4% during the 3rd quarter. Man Group plc now owns 221,200 shares of the real estate investment trust’s stock valued at $21,335,000 after purchasing an additional 71,100 shares during the period. Finally, Teachers Advisors LLC boosted its position in Equity Lifestyle Properties by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 748,649 shares of the real estate investment trust’s stock valued at $72,207,000 after purchasing an additional 3,136 shares during the period. 95.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director David J. Contis sold 6,581 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $105.53, for a total value of $694,492.93. Following the completion of the transaction, the director now owns 1,378 shares of the company’s stock, valued at $145,420.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.

ELS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Thursday, January 3rd. BMO Capital Markets restated a “hold” rating and set a $104.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, January 28th. Finally, Wells Fargo & Co lowered Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of $107.75.

Shares of NYSE:ELS traded down $0.22 on Wednesday, hitting $112.09. The company’s stock had a trading volume of 125,405 shares, compared to its average volume of 320,070. Equity Lifestyle Properties, Inc. has a 12 month low of $85.97 and a 12 month high of $117.05. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 3.98 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.41). Equity Lifestyle Properties had a return on equity of 19.46% and a net margin of 22.62%. The business had revenue of $243.50 million during the quarter, compared to the consensus estimate of $232.05 million. During the same period in the previous year, the company posted $0.84 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 4.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.6125 dividend. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 28th. This represents a $2.45 annualized dividend and a dividend yield of 2.19%. Equity Lifestyle Properties’s dividend payout ratio is presently 63.31%.

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Equity Lifestyle Properties Company 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.

Further Reading: Why investors pay attention to retained earnings

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

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