State Board of Administration of Florida Retirement System lowered its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,532 shares of the real estate investment trust’s stock after selling 3,613 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Equity Lifestyle Properties worth $12,776,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ELS. Wells Fargo & Company MN lifted its holdings in shares of Equity Lifestyle Properties by 278.3% in the third quarter. Wells Fargo & Company MN now owns 411,687 shares of the real estate investment trust’s stock valued at $39,707,000 after buying an additional 302,854 shares during the period. Allianz Asset Management GmbH raised its position in Equity Lifestyle Properties by 150.8% during the third quarter. Allianz Asset Management GmbH now owns 324,859 shares of the real estate investment trust’s stock valued at $31,333,000 after buying an additional 195,314 shares during the period. Schroder Investment Management Group raised its position in Equity Lifestyle Properties by 8.6% during the third quarter. Schroder Investment Management Group now owns 1,703,077 shares of the real estate investment trust’s stock valued at $164,261,000 after buying an additional 135,453 shares during the period. Presima Inc. purchased a new position in Equity Lifestyle Properties in the fourth quarter valued at about $12,501,000. Finally, Vanguard Group Inc grew its stake in Equity Lifestyle Properties by 1.0% in the third quarter. Vanguard Group Inc now owns 12,011,036 shares of the real estate investment trust’s stock valued at $1,158,465,000 after purchasing an additional 122,921 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Shares of NYSE:ELS traded up $0.60 during midday trading on Monday, reaching $111.06. The company had a trading volume of 2,412 shares, compared to its average volume of 315,954. Equity Lifestyle Properties, Inc. has a 1-year low of $79.78 and a 1-year high of $110.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $9.91 billion, a P/E ratio of 28.63, a P/E/G ratio of 4.82 and a beta of 0.34.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.41). The firm had revenue of $243.50 million for the quarter, compared to the consensus estimate of $232.05 million. Equity Lifestyle Properties had a return on equity of 19.73% and a net margin of 22.62%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, equities analysts predict that Equity Lifestyle Properties, Inc. will post 4.18 earnings per share for the current fiscal year.

In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the sale, the executive vice president now owns 146,389 shares of the company’s stock, valued at $14,157,280.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David J. Contis sold 6,581 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $105.53, for a total transaction of $694,492.93. Following the sale, the director now directly owns 1,378 shares in the company, valued at approximately $145,420.34. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Several analysts have recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $104.00 price target on shares of Equity Lifestyle Properties in a research note on Monday, January 28th. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday, January 3rd. Citigroup set a $107.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Wednesday, December 12th. Finally, Robert W. Baird increased their target price on Equity Lifestyle Properties from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $102.42.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/equity-lifestyle-properties-inc-els-shares-sold-by-state-board-of-administration-of-florida-retirement-system/2813180.html.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

Featured Story: Outstanding Shares

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS).

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

Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.