Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 229,092 shares of the real estate investment trust’s stock after acquiring an additional 43,089 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Equity Lifestyle Properties were worth $14,128,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ELS. Brooklyn Investment Group grew its stake in shares of Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 384 shares during the period. Allworth Financial LP boosted its holdings in Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 443 shares in the last quarter. National Pension Service grew its position in Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 276 shares during the period. IFP Advisors Inc grew its position in Equity Lifestyle Properties by 874.7% during the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 761 shares during the period. Finally, SVB Wealth LLC purchased a new position in Equity Lifestyle Properties in the first quarter valued at about $61,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $62.07 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a fifty day moving average of $61.93 and a two-hundred day moving average of $61.49. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.45 and a beta of 0.78. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $70.35.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. On average, analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, December 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 103.52%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ELS shares. Wells Fargo & Company decreased their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley decreased their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Royal Bank Of Canada raised Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $66.00 to $70.00 in a research note on Monday, December 8th. Finally, Evercore ISI decreased their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.50.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.