Boston Partners Decreases Position in Equity Lifestyle Properties, Inc. $ELS

Boston Partners trimmed its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,842,115 shares of the real estate investment trust's stock after selling 55,539 shares during the period. Boston Partners owned about 1.47% of Equity Lifestyle Properties worth $175,276,000 at the end of the most recent reporting period.

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Several other large investors have also recently modified their holdings of ELS. Nuveen LLC bought a new stake in shares of Equity Lifestyle Properties in the 1st quarter valued at about $142,937,000. Cbre Investment Management Listed Real Assets LLC grew its position in Equity Lifestyle Properties by 101.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust's stock worth $83,479,000 after acquiring an additional 630,065 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Equity Lifestyle Properties by 12.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock worth $280,771,000 after purchasing an additional 474,495 shares during the period. American Century Companies Inc. increased its stake in Equity Lifestyle Properties by 535.2% in the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust's stock worth $24,623,000 after purchasing an additional 311,053 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in Equity Lifestyle Properties in the first quarter valued at approximately $20,259,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ELS shares. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a "strong-buy" rating in a report on Monday, October 20th. Morgan Stanley dropped their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a "sell" rating to a "hold" rating in a research report on Saturday, November 1st. Evercore ISI lowered their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an "inline" rating for the company in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company cut their target price on Equity Lifestyle Properties from $70.00 to $68.00 and set an "overweight" rating on the stock in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of "Moderate Buy" and a consensus price target of $70.14.

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Get Our Latest Stock Analysis on Equity Lifestyle Properties

Equity Lifestyle Properties Stock Down 0.3%

Shares of Equity Lifestyle Properties stock opened at $62.80 on Thursday. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 0.27. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $72.81. The company has a market cap of $12.17 billion, a P/E ratio of 31.56, a PEG ratio of 3.32 and a beta of 0.71. The company's fifty day simple moving average is $61.61 and its two-hundred day simple moving average is $61.68.

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Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The firm had revenue of $393.31 million for the quarter, compared to analyst estimates of $389.39 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio is currently 103.52%.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.

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