M&T Bank Corp cut its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 37.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,734 shares of the real estate investment trust’s stock after selling 3,411 shares during the quarter. M&T Bank Corp’s holdings in Equity Lifestyle Properties were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Equity Lifestyle Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,836,756 shares of the real estate investment trust’s stock worth $1,108,326,000 after buying an additional 343,326 shares in the last quarter. BlackRock Inc. grew its position in Equity Lifestyle Properties by 3.4% during the second quarter. BlackRock Inc. now owns 6,258,525 shares of the real estate investment trust’s stock worth $540,359,000 after buying an additional 207,679 shares in the last quarter. State Street Corp grew its position in Equity Lifestyle Properties by 0.7% during the first quarter. State Street Corp now owns 2,532,651 shares of the real estate investment trust’s stock worth $195,168,000 after buying an additional 17,329 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Equity Lifestyle Properties by 2.7% during the second quarter. Daiwa Securities Group Inc. now owns 1,860,764 shares of the real estate investment trust’s stock worth $160,658,000 after buying an additional 48,991 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Equity Lifestyle Properties by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 1,643,508 shares of the real estate investment trust’s stock worth $141,901,000 after buying an additional 16,294 shares in the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/mt-bank-corp-sells-3411-shares-of-equity-lifestyle-properties-inc-els/1617309.html.

Shares of Equity Lifestyle Properties, Inc. (NYSE ELS) opened at 86.49 on Friday. Equity Lifestyle Properties, Inc. has a 12-month low of $65.87 and a 12-month high of $90.80. The firm’s 50-day moving average price is $87.52 and its 200-day moving average price is $84.66. The firm has a market capitalization of $7.53 billion, a P/E ratio of 42.92 and a beta of 0.32.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, July 17th. The real estate investment trust reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The company had revenue of $221.30 million for the quarter, compared to analyst estimates 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 revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities analysts predict that Equity Lifestyle Properties, Inc. will post $2.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders 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 dividend yield of 2.25%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 97.02%.

In other Equity Lifestyle Properties news, Chairman Samuel Zell purchased 805,333 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were bought at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Robert W. Baird downgraded Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 target price on the stock. in a research report on Friday, September 8th. BidaskClub raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $81.00 target price on shares of Equity Lifestyle Properties in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $86.50.

About Equity Lifestyle Properties

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.

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

Receive News & Ratings for Equity Lifestyle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.