Public Employees Retirement Association of Colorado raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,304 shares of the real estate investment trust’s stock after buying an additional 136 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Equity Lifestyle Properties were worth $1,580,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its position in Equity Lifestyle Properties by 5.7% in the first quarter. Parallel Advisors LLC now owns 2,162 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 117 shares in the last quarter. Menta Capital LLC acquired a new position in Equity Lifestyle Properties during the first quarter worth about $200,000. Sit Investment Associates Inc. raised its position in Equity Lifestyle Properties by 103.8% in the first quarter. Sit Investment Associates Inc. now owns 2,650 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 1,350 shares in the last quarter. Capstone Asset Management Co. acquired a new position in Equity Lifestyle Properties during the first quarter worth about $207,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Equity Lifestyle Properties during the first quarter worth about $210,000. 96.61% of the stock is owned by institutional investors.

Equity Lifestyle Properties, Inc. (ELS) opened at 86.15 on Friday. The firm’s 50-day moving average is $86.37 and its 200-day moving average is $81.58. Equity Lifestyle Properties, Inc. has a 52-week low of $65.87 and a 52-week high of $88.16. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 42.75 and a beta of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The business had revenue of $221.30 million during the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a return on equity of 20.64% and a net margin of 22.00%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. Analysts predict that Equity Lifestyle Properties, Inc. will post $2.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.4875 dividend. This represents a $1.95 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, September 28th. Equity Lifestyle Properties’s payout ratio is currently 97.02%.

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ELS has been the subject of a number of recent research reports. TheStreet raised shares of Equity Lifestyle Properties from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, June 13th. BidaskClub lowered shares of Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $81.00 price target (up from $75.00) on shares of Equity Lifestyle Properties in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of $83.25.

In related news, Chairman Samuel Zell purchased 805,333 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $87.43 per share, with a total value of $70,410,264.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Howard Walker sold 1,608 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $82.11, for a total value of $132,032.88. Following the sale, the insider now directly owns 57,265 shares of the company’s stock, valued at $4,702,029.15. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

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.

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

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