First Trust Advisors LP raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 169.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 118,517 shares of the real estate investment trust’s stock after acquiring an additional 74,582 shares during the period. First Trust Advisors LP’s holdings in Equity Lifestyle Properties were worth $13,546,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. 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 acquiring an additional 122,921 shares during the period. BlackRock Inc. lifted its holdings in shares of Equity Lifestyle Properties by 2.8% in the fourth quarter. BlackRock Inc. now owns 7,167,867 shares of the real estate investment trust’s stock valued at $696,214,000 after purchasing an additional 196,551 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Equity Lifestyle Properties by 3.1% in the fourth quarter. Cohen & Steers Inc. now owns 3,377,995 shares of the real estate investment trust’s stock valued at $328,105,000 after purchasing an additional 103,145 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Equity Lifestyle Properties by 1.3% in the fourth quarter. Deutsche Bank AG now owns 2,327,970 shares of the real estate investment trust’s stock valued at $226,111,000 after purchasing an additional 29,917 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Equity Lifestyle Properties by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,268,594 shares of the real estate investment trust’s stock valued at $123,217,000 after purchasing an additional 16,273 shares in the last quarter. 94.64% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on ELS shares. Zacks Investment Research lowered Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. Wells Fargo & Co lowered Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a report on Tuesday, March 26th. Finally, BMO Capital Markets restated a “hold” rating and issued a $120.00 target price on shares of Equity Lifestyle Properties in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $110.42.

ELS stock opened at $120.09 on Tuesday. Equity Lifestyle Properties, Inc. has a twelve month low of $89.22 and a twelve month high of $122.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $10.95 billion, a PE ratio of 31.03, a P/E/G ratio of 3.93 and a beta of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.02. Equity Lifestyle Properties had a return on equity of 22.97% and a net margin of 27.24%. The company had revenue of $259.00 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter last year, the company earned $1.04 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 4.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.6125 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.45 dividend on an annualized basis and a yield of 2.04%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 63.31%.

COPYRIGHT VIOLATION WARNING: “First Trust Advisors LP Increases Holdings in Equity Lifestyle Properties, Inc. (ELS)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/first-trust-advisors-lp-increases-holdings-in-equity-lifestyle-properties-inc-els/3031184.html.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

See Also: Terms to Better Understand Call Options

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.