Spirit of America Management Corp NY lessened its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,250 shares of the real estate investment trust’s stock after selling 1,350 shares during the quarter. Spirit of America Management Corp NY’s holdings in Equity Lifestyle Properties were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of ELS. Ffcm LLC purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $27,000. We Are One Seven LLC purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $29,000. Advisor Group Inc. boosted its stake in shares of Equity Lifestyle Properties by 29.8% during the 4th quarter. Advisor Group Inc. now owns 1,664 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 382 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $206,000. Finally, Surevest Inc. purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $275,000. Institutional investors and hedge funds own 95.77% of the company’s stock.
Shares of ELS traded down $0.57 during trading hours on Wednesday, reaching $111.74. 5,560 shares of the stock traded hands, compared to its average volume of 320,070. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a 52-week low of $85.97 and a 52-week high of $117.05. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 3.98 and a beta of 0.35.
Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.41). Equity Lifestyle Properties had a net margin of 22.62% and a return on equity of 19.46%. The firm had revenue of $243.50 million for the quarter, compared to analysts’ expectations of $232.05 million. During the same quarter last year, the firm posted $0.84 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 4.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.6125 dividend. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. This represents a $2.45 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Thursday, March 28th. Equity Lifestyle Properties’s payout ratio is currently 63.31%.
A number of research firms recently weighed in on ELS. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. BMO Capital Markets restated a “hold” rating and set a $104.00 target price on shares of Equity Lifestyle Properties in a research note on Monday, January 28th. Finally, Wells Fargo & Co cut shares of Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a research note on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $107.75.
In other Equity Lifestyle Properties news, Director David J. Contis sold 6,581 shares of Equity Lifestyle Properties stock in a transaction on Monday, February 4th. The shares were sold at an average price of $105.53, for a total value of $694,492.93. Following the sale, the director now directly owns 1,378 shares in the company, valued at approximately $145,420.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.
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Equity Lifestyle Properties Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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