L & S Advisors Inc cut its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 91,477 shares of the real estate investment trust’s stock after selling 3,090 shares during the quarter. Equity Lifestyle Properties accounts for about 1.5% of L & S Advisors Inc’s portfolio, making the stock its 8th largest position. L & S Advisors Inc’s holdings in Equity Lifestyle Properties were worth $11,100,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in ELS. Krane Funds Advisors LLC acquired a new position in shares of Equity Lifestyle Properties during the second quarter worth $25,000. Destination Wealth Management acquired a new position in shares of Equity Lifestyle Properties during the second quarter worth $26,000. Penserra Capital Management LLC acquired a new position in shares of Equity Lifestyle Properties during the first quarter worth $58,000. Signaturefd LLC increased its holdings in shares of Equity Lifestyle Properties by 53.5% during the second quarter. Signaturefd LLC now owns 505 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 176 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of Equity Lifestyle Properties during the second quarter worth $66,000. Institutional investors own 94.63% of the company’s stock.
Shares of Equity Lifestyle Properties stock opened at $132.21 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.15. Equity Lifestyle Properties, Inc. has a twelve month low of $90.90 and a twelve month high of $138.92. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 4.29 and a beta of 0.23. The company’s fifty day moving average is $131.49 and its 200 day moving average is $121.36.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. Equity Lifestyle Properties had a net margin of 27.02% and a return on equity of 22.00%. The company had revenue of $248.37 million for the quarter, compared to analysts’ expectations of $244.91 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 4.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.613 dividend. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, September 26th. This represents a $2.45 annualized dividend and a dividend yield of 1.85%. Equity Lifestyle Properties’s payout ratio is currently 63.31%.
Separately, Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $112.25.
In other Equity Lifestyle Properties news, CFO Paul Seavey sold 7,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $124.80, for a total transaction of $873,600.00. Following the sale, the chief financial officer now owns 71,571 shares of the company’s stock, valued at $8,932,060.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roger Maynard sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the sale, the executive vice president now directly owns 130,645 shares in the company, valued at approximately $16,330,625. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
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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