Kestra Private Wealth Services LLC Grows Stake in Equity Lifestyle Properties, Inc. $ELS

Kestra Private Wealth Services LLC increased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 102.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,265 shares of the real estate investment trust’s stock after purchasing an additional 8,746 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Equity Lifestyle Properties were worth $1,078,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Equity Lifestyle Properties by 303.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock valued at $966,648,000 after buying an additional 11,999,874 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Equity Lifestyle Properties by 253.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock worth $191,025,000 after buying an additional 2,257,299 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of Equity Lifestyle Properties by 26.8% in the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after buying an additional 2,246,622 shares in the last quarter. Norges Bank purchased a new stake in shares of Equity Lifestyle Properties in the 4th quarter worth about $125,352,000. Finally, Victory Capital Management Inc. grew its stake in Equity Lifestyle Properties by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock valued at $414,194,000 after acquiring an additional 1,674,281 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $64.51 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $12.51 billion, a PE ratio of 32.25, a P/E/G ratio of 3.94 and a beta of 0.67. The firm has a 50 day simple moving average of $63.02 and a 200-day simple moving average of $63.74. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The firm had revenue of $397.62 million for the quarter, compared to analyst estimates of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 108.50%.

Analyst Ratings Changes

ELS has been the subject of several recent research reports. Weiss Ratings downgraded shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, April 15th. Mizuho initiated coverage on Equity Lifestyle Properties in a research report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price objective for the company. Finally, Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.20.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.