Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Bought by APG Asset Management US Inc.

APG Asset Management US Inc. boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,029,500 shares of the real estate investment trust’s stock after buying an additional 32,500 shares during the period. Equity Lifestyle Properties makes up approximately 0.7% of APG Asset Management US Inc.’s portfolio, making the stock its 26th largest position. APG Asset Management US Inc. owned approximately 1.19% of Equity Lifestyle Properties worth $88,887,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its stake in Equity Lifestyle Properties by 5.7% in the first quarter. Parallel Advisors LLC now owns 2,162 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 117 shares during the last quarter. Menta Capital LLC bought a new stake in Equity Lifestyle Properties during the first quarter worth about $200,000. Sit Investment Associates Inc. raised its stake in Equity Lifestyle Properties by 103.8% in the first quarter. Sit Investment Associates Inc. now owns 2,650 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 1,350 shares during the last quarter. Capstone Asset Management Co. bought a new stake in Equity Lifestyle Properties during the first quarter worth about $207,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Equity Lifestyle Properties during the first quarter worth about $210,000. 96.73% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties, Inc. (NYSE:ELS) traded down 0.03% during trading on Friday, hitting $87.36. The stock had a trading volume of 361,926 shares. The company’s 50 day moving average is $86.52 and its 200 day moving average is $82.04. Equity Lifestyle Properties, Inc. has a 52-week low of $65.87 and a 52-week high of $88.16. The firm has a market cap of $7.60 billion, a PE ratio of 43.35 and a beta of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $221.30 million for the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Equities research analysts forecast that Equity Lifestyle Properties, Inc. will post $2.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Thursday, September 28th. Equity Lifestyle Properties’s dividend payout ratio is currently 97.02%.

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ELS has been the topic of a number of research analyst reports. BidaskClub cut Equity Lifestyle Properties from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Thursday, June 22nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $81.00 target price (up from $75.00) on shares of Equity Lifestyle Properties in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Equity Lifestyle Properties has an average rating of “Hold” and a consensus target price of $83.25.

In other news, Chairman Samuel Zell purchased 805,333 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average cost of $87.43 per share, with a total value of $70,410,264.19. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.10% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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