Honeywell International Inc. reduced its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,553 shares of the real estate investment trust’s stock after selling 3,855 shares during the quarter. Equity Lifestyle Properties accounts for 1.3% of Honeywell International Inc.’s portfolio, making the stock its 24th largest position. Honeywell International Inc.’s holdings in Equity Lifestyle Properties were worth $3,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in ELS. BlackRock Inc. raised its stake in Equity Lifestyle Properties by 12.7% during the first quarter. BlackRock Inc. now owns 8,080,389 shares of the real estate investment trust’s stock worth $923,589,000 after acquiring an additional 912,522 shares in the last quarter. Norges Bank acquired a new stake in shares of Equity Lifestyle Properties in the fourth quarter valued at $77,789,000. Bank of Montreal Can increased its stake in shares of Equity Lifestyle Properties by 2,546.6% in the first quarter. Bank of Montreal Can now owns 718,319 shares of the real estate investment trust’s stock valued at $82,104,000 after buying an additional 691,178 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Equity Lifestyle Properties by 91.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 256,043 shares of the real estate investment trust’s stock valued at $31,070,000 after buying an additional 121,965 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Equity Lifestyle Properties by 8.1% in the first quarter. Principal Financial Group Inc. now owns 1,217,043 shares of the real estate investment trust’s stock valued at $139,108,000 after buying an additional 91,203 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.
A number of analysts have recently weighed in on ELS shares. BMO Capital Markets restated a “hold” rating and issued a $120.00 target price on shares of Equity Lifestyle Properties in a research note on Wednesday, April 24th. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $112.25.
Shares of NYSE:ELS opened at $126.52 on Friday. Equity Lifestyle Properties, Inc. has a twelve month low of $90.72 and a twelve month high of $128.43. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 4.15 and a beta of 0.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.08 and a current ratio of 0.06. The firm has a fifty day simple moving average of $123.92.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 22nd. The real estate investment trust reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.02. Equity Lifestyle Properties had a return on equity of 22.00% and a net margin of 27.02%. The company had revenue of $248.37 million during the quarter, compared to analyst estimates of $244.91 million. During the same period last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 4.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.613 dividend. The ex-dividend date is Thursday, September 26th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.61. This represents a $2.45 dividend on an annualized basis and a dividend yield of 1.94%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 63.31%.
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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