Union Bancaire Privee UBP SA Purchases New Shares in Equity Lifestyle Properties, Inc. $ELS

Union Bancaire Privee UBP SA purchased a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,307 shares of the real estate investment trust’s stock, valued at approximately $1,954,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in Equity Lifestyle Properties by 303.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after acquiring an additional 11,999,874 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Equity Lifestyle Properties by 253.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after purchasing an additional 2,257,299 shares during the period. Cohen & Steers Inc. increased its stake in shares of Equity Lifestyle Properties by 26.8% during the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after purchasing an additional 2,246,622 shares in the last quarter. Norges Bank purchased a new stake in shares of Equity Lifestyle Properties during the fourth quarter worth about $125,352,000. Finally, Victory Capital Management Inc. raised its position in shares of Equity Lifestyle Properties by 32.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after purchasing an additional 1,674,281 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock opened at $64.35 on Friday. The business’s 50 day moving average price is $63.02 and its 200 day moving average price is $63.66. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.91 and a beta of 0.67. 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, Inc. has a one year low of $58.15 and a one year high of $69.00.

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

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio is currently 108.50%.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Barclays decreased their price objective on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Zelman & Associates started coverage on shares of Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 target price for the company. Robert W. Baird increased their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.20.

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.