Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Bought by Westpac Banking Corp

Westpac Banking Corp raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,284 shares of the real estate investment trust’s stock after acquiring an additional 2,584 shares during the quarter. Westpac Banking Corp’s holdings in Equity Lifestyle Properties were worth $2,825,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ELS. BlackRock Inc. grew its position in Equity Lifestyle Properties by 12.7% in the first quarter. BlackRock Inc. now owns 8,080,389 shares of the real estate investment trust’s stock valued at $923,589,000 after acquiring an additional 912,522 shares in the last quarter. Bank of Montreal Can grew its position in shares of Equity Lifestyle Properties by 2,546.6% during the first quarter. Bank of Montreal Can now owns 718,319 shares of the real estate investment trust’s stock worth $82,104,000 after buying an additional 691,178 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Equity Lifestyle Properties by 599.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 401,483 shares of the real estate investment trust’s stock worth $48,716,000 after buying an additional 344,108 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Equity Lifestyle Properties by 91.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 256,043 shares of the real estate investment trust’s stock worth $31,070,000 after buying an additional 121,965 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Equity Lifestyle Properties by 8.1% during the first quarter. Principal Financial Group Inc. now owns 1,217,043 shares of the real estate investment trust’s stock worth $139,108,000 after buying an additional 91,203 shares in the last quarter. 93.38% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on ELS. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, July 24th. BMO Capital Markets reissued a “hold” rating and set a $120.00 price target on shares of Equity Lifestyle Properties in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $112.25.

ELS stock opened at $134.98 on Friday. Equity Lifestyle Properties, Inc. has a twelve month low of $90.90 and a twelve month high of $135.63. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $12.29 billion, a P/E ratio of 34.88, a PEG ratio of 4.41 and a beta of 0.26. The firm has a 50 day simple moving average of $126.03 and a 200-day simple moving average of $118.06.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $248.37 million during the quarter, compared to the consensus estimate of $244.91 million. During the same quarter last year, the company earned $0.89 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Equity Lifestyle Properties, Inc. will post 4.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.613 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.61. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 63.31%.

In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive vice president now owns 130,645 shares of the company’s stock, valued at $16,330,625. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul Seavey sold 7,000 shares of Equity Lifestyle Properties stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $124.80, for a total transaction of $873,600.00. Following the completion of the transaction, the chief financial officer now directly owns 71,571 shares of the company’s stock, valued at approximately $8,932,060.80. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

About Equity Lifestyle Properties

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

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