6 days Ago By ABMN Staff
Mariner LLC boosted its stake in Equity LifeStyle Properties, Inc. ( NYSE:ELS – Free Report ) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 12,485 shares of the real estate investment trust’s stock after buying an additional 1,632 shares during the quarter. Mariner LLC’s holdings in Equity LifeStyle Properties were worth $831,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock.
Barclays PLC lifted its position in Equity LifeStyle Properties by 156.9% in the 4th quarter. Barclays PLC now owns 522,262 shares of the real estate investment trust’s stock worth $34,782,000 after buying an additional 318,938 shares in the last quarter.
Savvy Advisors Inc. purchased a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $1,300,000. Seeds Investor LLC lifted its position in Equity LifeStyle Properties by 7.
0% in the 4th quarter. Seeds Investor LLC now owns 3,763 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 245 shares in the last quarter. Qtron Investments LLC acquired a new position in shares of Equity LifeStyle Properties during the 4th quarter worth $359,000.
Finally, Sterling Capital Management LLC increased its stake in shares of Equity LifeStyle Properties by 59.7% during the 4th quarter. Sterling Capital Management LLC now owns 11,216 shares of the real estate investment trust’s stock worth $747,000 after purchasing an additional 4,192 shares during the last quarter.
Hedge funds and other institutional investors own 97.21% of the company’s stock. Analyst Ratings Changes Several research analysts have recently commented on the stock.
Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $72.00 to $73.
00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Evercore ISI dropped their price target on shares of Equity LifeStyle Properties from $74.00 to $73.
00 and set an “in-line” rating on the stock in a research note on Tuesday, January 28th. BMO Capital Markets dropped their price target on shares of Equity LifeStyle Properties from $78.00 to $77.
00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their target price on shares of Equity LifeStyle Properties from $69.00 to $68.
00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a “buy” rating and a $80.
00 target price for the company. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and an average price target of $74.33. Equity LifeStyle Properties Stock Up 1.
4 % NYSE ELS opened at $63.93 on Tuesday. The company has a current ratio of 0.
02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15.
The stock’s 50 day moving average is $66.22 and its two-hundred day moving average is $67.49.
The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 3.
02 and a beta of 0.72. Equity LifeStyle Properties, Inc.
has a 1-year low of $58.86 and a 1-year high of $76.60.
Equity LifeStyle Properties ( NYSE:ELS – Get Free Report ) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.
83. The company had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.
34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.
05%. During the same period in the previous year, the business earned $0.59 earnings per share.
Equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.
Equity LifeStyle Properties Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.515 dividend.
This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.
06 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, March 28th.
Equity LifeStyle Properties’s payout ratio is presently 106.74%. About Equity LifeStyle Properties ( Free Report ) 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. Featured Stories 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.
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