Prudential Financial Inc. increased its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 614,491 shares of the real estate investment trust’s stock after buying an additional 40,018 shares during the period. Prudential Financial Inc. owned about 0.70% of Equity Lifestyle Properties worth $52,281,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Chicago Equity Partners LLC bought a new stake in shares of Equity Lifestyle Properties in the third quarter worth $237,000. Forsta AP Fonden increased its stake in shares of Equity Lifestyle Properties by 39.9% in the third quarter. Forsta AP Fonden now owns 31,900 shares of the real estate investment trust’s stock worth $2,714,000 after buying an additional 9,100 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Equity Lifestyle Properties by 0.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 146,395 shares of the real estate investment trust’s stock worth $12,455,000 after buying an additional 960 shares during the last quarter. American Assets Capital Advisers increased its stake in shares of Equity Lifestyle Properties by 251.0% in the third quarter. American Assets Capital Advisers now owns 78,800 shares of the real estate investment trust’s stock worth $6,705,000 after buying an additional 56,347 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Equity Lifestyle Properties in the third quarter worth $245,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

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Equity Lifestyle Properties, Inc. (ELS) opened at $89.42 on Friday. The company has a market cap of $7,887.74, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 4.82 and a beta of 0.31. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. Equity Lifestyle Properties, Inc. has a 1-year low of $65.87 and a 1-year high of $90.80.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.34). The business had revenue of $241.63 million during the quarter, compared to analyst estimates of $226.85 million. Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. Equity Lifestyle Properties’s payout ratio is currently 93.30%.

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

Equity Lifestyle Properties 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.

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

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