Walter & Keenan Financial Consulting Co. MI ADV maintained its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,560 shares of the real estate investment trust’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Equity Lifestyle Properties were worth $566,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. purchased a new stake in Equity Lifestyle Properties during the first quarter worth approximately $207,000. Beese Fulmer Investment Management Inc. boosted its stake in Equity Lifestyle Properties by 6.0% in the first quarter. Beese Fulmer Investment Management Inc. now owns 3,510 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 200 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Equity Lifestyle Properties by 27.8% in the first quarter. State of Alaska Department of Revenue now owns 20,890 shares of the real estate investment trust’s stock worth $1,609,000 after buying an additional 4,550 shares in the last quarter. Profund Advisors LLC boosted its stake in Equity Lifestyle Properties by 0.3% in the first quarter. Profund Advisors LLC now owns 3,199 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 8 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Equity Lifestyle Properties by 676.6% in the first quarter. ProShare Advisors LLC now owns 164,844 shares of the real estate investment trust’s stock worth $1,719,000 after buying an additional 143,617 shares in the last quarter. Institutional investors and hedge funds own 96.61% of the company’s stock.

Equity Lifestyle Properties, Inc. (ELS) opened at 86.22 on Thursday. The company has a market cap of $7.50 billion, a PE ratio of 42.79 and a beta of 0.31. The firm’s 50-day moving average price is $86.40 and its 200-day moving average price is $81.46. Equity Lifestyle Properties, Inc. has a 12-month low of $65.87 and a 12-month high of $88.16.

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

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

COPYRIGHT VIOLATION NOTICE: “Walter & Keenan Financial Consulting Co. MI ADV Has $566,000 Position in Equity Lifestyle Properties, Inc. (ELS)” was published by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/walter-keenan-financial-consulting-co-mi-adv-has-566000-position-in-equity-lifestyle-properties-inc-els/1467714.html.

ELS has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on shares of Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, April 18th. TheStreet upgraded shares of Equity Lifestyle Properties from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Finally, BidaskClub upgraded shares of Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $83.25.

In related news, Chairman Samuel Zell purchased 805,333 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Howard Walker sold 1,608 shares of Equity Lifestyle Properties stock in a transaction on Monday, May 15th. The shares were sold at an average price of $82.11, for a total transaction of $132,032.88. Following the completion of 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. Insiders own 6.10% of the company’s stock.

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.

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS).

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.