Fulton Breakefield Broenniman LLC lifted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 128.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,812 shares of the real estate investment trust’s stock after buying an additional 3,831 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Equity Lifestyle Properties were worth $479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ELS. Rehmann Capital Advisory Group increased its stake in shares of Equity Lifestyle Properties by 21.2% in the second quarter. Rehmann Capital Advisory Group now owns 628 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 110 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Equity Lifestyle Properties by 1.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,806 shares of the real estate investment trust’s stock worth $1,176,000 after buying an additional 123 shares during the last quarter. US Bancorp DE grew its position in shares of Equity Lifestyle Properties by 1.9% in the 2nd quarter. US Bancorp DE now owns 7,569 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 143 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Equity Lifestyle Properties by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 810 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 162 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its stake in Equity Lifestyle Properties by 0.8% during the 3rd quarter. Dupont Capital Management Corp now owns 30,175 shares of the real estate investment trust’s stock valued at $4,031,000 after acquiring an additional 249 shares during the period. Institutional investors own 46.12% of the company’s stock.

Shares of NYSE ELS opened at $70.59 on Wednesday. Equity Lifestyle Properties, Inc. has a twelve month low of $49.46 and a twelve month high of $74.55. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 4.54 and a beta of 0.18. The business has a 50 day simple moving average of $70.71 and a 200-day simple moving average of $103.30.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.19). Equity Lifestyle Properties had a net margin of 27.47% and a return on equity of 22.11%. The firm had revenue of $271.20 million during the quarter, compared to the consensus estimate of $256.13 million. During the same quarter last year, the firm posted $0.99 earnings per share. Equity Lifestyle Properties’s revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts predict that Equity Lifestyle Properties, Inc. will post 2.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.306 per share. The ex-dividend date was Thursday, December 26th. This represents a $1.22 dividend on an annualized basis and a yield of 1.73%. Equity Lifestyle Properties’s payout ratio is currently 63.73%.

In related news, COO Patrick Waite sold 5,994 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $72.17, for a total transaction of $432,586.98. Following the completion of the transaction, the chief operating officer now directly owns 199,374 shares in the company, valued at approximately $14,388,821.58. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.10% of the stock is owned by corporate insiders.

ELS has been the topic of several recent research reports. BMO Capital Markets raised shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. Wells Fargo & Co reiterated a “hold” rating on shares of Equity Lifestyle Properties in a research note on Friday, December 6th. ValuEngine downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “sell” rating in a report on Tuesday, January 7th.

Equity Lifestyle Properties Profile

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.

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

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