Equity Lifestyle Properties, Inc. $ELS Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 19.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,459 shares of the real estate investment trust’s stock after selling 14,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Equity Lifestyle Properties were worth $3,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group raised its holdings in Equity Lifestyle Properties by 673.7% in the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 384 shares during the period. Allworth Financial LP boosted its stake 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 during the period. National Pension Service increased its position in shares of 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 valued at $43,000 after acquiring an additional 276 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 761 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Equity Lifestyle Properties in the 1st quarter worth approximately $61,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ELS shares. Evercore ISI dropped their target price on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a report on Thursday, October 23rd. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Morgan Stanley cut their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Wells Fargo & Company lowered their target price on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $70.14.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $62.54 on Tuesday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $71.26. The stock has a market capitalization of $12.12 billion, a PE ratio of 31.43, a PEG ratio of 3.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05. The stock has a 50-day simple moving average of $61.74 and a 200-day simple moving average of $61.66.

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

Equity Lifestyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid 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 presently 103.52%.

About Equity Lifestyle Properties

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.