Hsbc Holdings PLC Boosts Holdings in Equity Lifestyle Properties, Inc. $ELS

Hsbc Holdings PLC boosted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 16.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 581,460 shares of the real estate investment trust’s stock after buying an additional 82,142 shares during the quarter. Hsbc Holdings PLC’s holdings in Equity Lifestyle Properties were worth $35,245,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ELS. Fermata Advisors LLC lifted its position in Equity Lifestyle Properties by 471.9% during the fourth quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock valued at $2,057,000 after purchasing an additional 28,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Equity Lifestyle Properties by 11.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock worth $20,206,000 after buying an additional 34,946 shares during the last quarter. Argosy Lionbridge Management LLC bought a new position in shares of Equity Lifestyle Properties in the 3rd quarter worth $3,703,000. Thrivent Financial for Lutherans raised its position in shares of Equity Lifestyle Properties by 1,104.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust’s stock valued at $40,794,000 after buying an additional 617,202 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in shares of Equity Lifestyle Properties by 232.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 56,617 shares of the real estate investment trust’s stock valued at $3,437,000 after buying an additional 39,580 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on ELS shares. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Wednesday, April 15th. Wells Fargo & Company cut their price objective on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays reduced their price objective on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Robert W. Baird raised their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.20.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock opened at $62.63 on Wednesday. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $69.00. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 3.77 and a beta of 0.67. The company has a fifty day moving average of $63.08 and a 200-day moving average of $63.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The business had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.Equity Lifestyle Properties’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. Equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 108.50%.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.