Midwest Trust Co Buys 31,016 Shares of Equity Lifestyle Properties, Inc. $ELS

Midwest Trust Co boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 50.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,499 shares of the real estate investment trust’s stock after buying an additional 31,016 shares during the quarter. Midwest Trust Co’s holdings in Equity Lifestyle Properties were worth $5,774,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Equity Lifestyle Properties by 303.9% in the 4th 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 during the period. Daiwa Securities Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 253.7% during the third quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after acquiring an additional 2,257,299 shares during the period. Cohen & Steers Inc. boosted its holdings in Equity Lifestyle Properties by 26.8% in the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock valued at $643,331,000 after acquiring an additional 2,246,622 shares during the last quarter. Norges Bank bought a new position in Equity Lifestyle Properties in the fourth quarter valued at about $125,352,000. Finally, Royal London Asset Management Ltd. increased its position in Equity Lifestyle Properties by 1,520.4% in the second quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock worth $109,267,000 after purchasing an additional 1,662,458 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $63.55 on Monday. The stock has a market cap of $12.32 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66. The stock has a 50-day moving average of $63.22 and a 200-day moving average of $63.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm had revenue of $397.62 million during the quarter, compared to the consensus estimate of $395.71 million. During the same period in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio is 108.50%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Odean Cap Resea raised shares of Equity Lifestyle Properties to a “hold” rating in a research note on Thursday. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, Odeon Capital Group set a $65.00 price target on Equity Lifestyle Properties in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.92.

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.