KBC Group NV lowered its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 76.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,612 shares of the real estate investment trust’s stock after selling 47,745 shares during the period. KBC Group NV’s holdings in Equity Lifestyle Properties were worth $1,262,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of Equity Lifestyle Properties by 5.7% in the first quarter. Parallel Advisors LLC now owns 2,162 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 117 shares during the last quarter. Menta Capital LLC bought a new position in shares of Equity Lifestyle Properties during the first quarter worth about $200,000. Capstone Asset Management Co. bought a new position in shares of Equity Lifestyle Properties during the first quarter worth about $207,000. Oppenheimer & Co. Inc. bought a new position in shares of Equity Lifestyle Properties during the first quarter worth about $210,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Equity Lifestyle Properties during the first quarter worth about $222,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Equity Lifestyle Properties, Inc. (NYSE ELS) opened at 89.15 on Friday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 44.24 and a beta of 0.31. The stock has a 50 day moving average of $87.28 and a 200-day moving average of $82.97. Equity Lifestyle Properties, Inc. has a 52-week low of $65.87 and a 52-week high of $89.50.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The firm had revenue of $221.30 million during the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a return on equity of 20.64% and a net margin of 22.00%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Analysts predict that Equity Lifestyle Properties, Inc. will post $2.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.4875 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.95 annualized dividend and a dividend yield of 2.19%. Equity Lifestyle Properties’s payout ratio is currently 97.02%.

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A number of analysts have recently weighed in on ELS shares. BidaskClub raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $83.75.

In other news, Chairman Samuel Zell acquired 805,333 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $87.43 per share, for a total transaction of $70,410,264.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.10% of the company’s stock.

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.

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

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