Lido Advisors LLC Takes $713,000 Position in Equity Lifestyle Properties, Inc. $ELS

Lido Advisors LLC bought a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 11,464 shares of the real estate investment trust’s stock, valued at approximately $713,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Achmea Investment Management B.V. acquired a new position in shares of Equity Lifestyle Properties in the 2nd quarter valued at about $1,039,000. Andra AP fonden raised its position in Equity Lifestyle Properties by 34.9% during the second quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock valued at $21,733,000 after acquiring an additional 91,100 shares in the last quarter. Creative Planning lifted its holdings in Equity Lifestyle Properties by 191.3% in the second quarter. Creative Planning now owns 30,420 shares of the real estate investment trust’s stock valued at $1,876,000 after acquiring an additional 19,977 shares during the period. FORA Capital LLC acquired a new position in Equity Lifestyle Properties in the first quarter valued at approximately $451,000. Finally, Bahl & Gaynor Inc. boosted its position in Equity Lifestyle Properties by 111.2% in the 2nd quarter. Bahl & Gaynor Inc. now owns 501,534 shares of the real estate investment trust’s stock worth $30,930,000 after purchasing an additional 264,110 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

ELS opened at $61.66 on Friday. The firm’s fifty day simple moving average is $61.93 and its two-hundred day simple moving average is $61.60. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $70.54. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 3.43 and a beta of 0.78. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The firm had revenue of $393.31 million during the quarter, compared to the consensus estimate of $389.39 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s payout ratio is currently 103.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ELS shares. Wells Fargo & Company cut their target price on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Evercore ISI reduced their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and an average target price of $70.14.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.