Equity Lifestyle Properties, Inc. $ELS Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,799 shares of the real estate investment trust’s stock after acquiring an additional 3,870 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.17% of Equity Lifestyle Properties worth $19,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELS. Brooklyn Investment Group increased its position in shares of Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 384 shares in the last quarter. Allworth Financial LP grew its stake in Equity Lifestyle Properties by 204.1% during the 2nd quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 443 shares during the last quarter. National Pension Service increased its position in Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 276 shares during the period. IFP Advisors Inc increased its position in Equity Lifestyle Properties by 874.7% during the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 761 shares during the period. Finally, SVB Wealth LLC purchased a new stake in Equity Lifestyle Properties in the first quarter valued at approximately $61,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ELS shares. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Evercore ISI lowered their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Wells Fargo & Company dropped their price objective on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Compass Point upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.14.

Equity Lifestyle Properties Stock Down 0.1%

Shares of Equity Lifestyle Properties stock opened at $61.69 on Wednesday. The company has a market cap of $11.96 billion, a P/E ratio of 31.00, a PEG ratio of 3.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $72.81. The firm has a fifty day moving average of $61.41 and a two-hundred day moving average of $61.73.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The business had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 26th. Equity Lifestyle Properties’s payout ratio is currently 103.52%.

Equity Lifestyle Properties Company Profile

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.