Schroder Investment Management Group cut its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) by 71.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,220 shares of the real estate investment trust’s stock after selling 50,826 shares during the quarter. Schroder Investment Management Group’s holdings in Equity LifeStyle Properties were worth $1,306,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Equity LifeStyle Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 24,685,594 shares of the real estate investment trust’s stock worth $1,887,954,000 after purchasing an additional 184,219 shares during the last quarter. BlackRock Inc. boosted its stake in Equity LifeStyle Properties by 1.4% in the 3rd quarter. BlackRock Inc. now owns 14,203,228 shares of the real estate investment trust’s stock valued at $892,530,000 after buying an additional 202,909 shares in the last quarter. State Street Corp boosted its stake in Equity LifeStyle Properties by 13.0% in the first quarter. State Street Corp now owns 8,817,442 shares of the real estate investment trust’s stock worth $677,864,000 after purchasing an additional 1,016,542 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Equity LifeStyle Properties by 3.1% in the third quarter. Nuveen Asset Management LLC now owns 3,340,771 shares of the real estate investment trust’s stock worth $209,934,000 after purchasing an additional 99,423 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Equity LifeStyle Properties by 147.1% during the first quarter. Invesco Ltd. now owns 2,541,777 shares of the real estate investment trust’s stock valued at $194,396,000 after acquiring an additional 1,512,944 shares during the period. 90.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ELS has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on Equity LifeStyle Properties from $72.00 to $70.00 and set a “sector perform” rating for the company in a report on Wednesday, April 19th. StockNews.com began coverage on Equity LifeStyle Properties in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Barclays increased their target price on Equity LifeStyle Properties from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Finally, Wells Fargo & Company assumed coverage on Equity LifeStyle Properties in a research note on Wednesday, March 29th. They set an “overweight” rating and a $75.50 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.28.
Equity LifeStyle Properties Stock Up 4.2 %
Equity LifeStyle Properties (NYSE:ELS – Get Rating) last announced its quarterly earnings data on Tuesday, April 18th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.31). The firm had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $351.71 million. Equity LifeStyle Properties had a return on equity of 18.71% and a net margin of 19.50%. Equity LifeStyle Properties’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.84 earnings per share for the current year.
Equity LifeStyle Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.447 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, June 29th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 117.76%.
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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