UBS Asset Management Americas Inc. lifted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,449 shares of the real estate investment trust’s stock after buying an additional 18,619 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.20% of Equity Lifestyle Properties worth $15,062,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Equity Lifestyle Properties by 3.8% during the second quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 82 shares in the last quarter. Laurion Capital Management LP lifted its stake in Equity Lifestyle Properties by 3.2% in the 2nd quarter. Laurion Capital Management LP now owns 3,200 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 100 shares in the last quarter. Alps Advisors Inc. lifted its stake in Equity Lifestyle Properties by 1.9% in the 2nd quarter. Alps Advisors Inc. now owns 6,922 shares of the real estate investment trust’s stock worth $598,000 after purchasing an additional 130 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Equity Lifestyle Properties by 0.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,304 shares of the real estate investment trust’s stock worth $1,580,000 after purchasing an additional 136 shares in the last quarter. Finally, World Asset Management Inc lifted its stake in Equity Lifestyle Properties by 4.1% in the 2nd quarter. World Asset Management Inc now owns 4,869 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 95.74% of the company’s stock.

Several brokerages have commented on ELS. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, August 22nd. BidaskClub raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Equity Lifestyle Properties currently has a consensus rating of “Hold” and a consensus price target of $86.50.

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) opened at 85.50 on Wednesday. The stock’s 50 day moving average price is $87.59 and its 200-day moving average price is $84.57. Equity Lifestyle Properties, Inc. has a 12 month low of $65.87 and a 12 month high of $90.80. The company has a market cap of $7.44 billion, a P/E ratio of 42.43 and a beta of 0.32.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $221.30 million during the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. Equity Lifestyle Properties’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Equities research analysts expect that Equity Lifestyle Properties, Inc. will post $2.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.4875 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.95 dividend on an annualized basis and a yield of 2.28%. Equity Lifestyle Properties’s dividend payout ratio is presently 97.02%.

In other Equity Lifestyle Properties news, Chairman Samuel Zell purchased 805,333 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were acquired at an average cost of $87.43 per share, with a total value of $70,410,264.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is owned by company insiders.

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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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