Principal Financial Group Inc. Has $401.70 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

Principal Financial Group Inc. raised its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,435,365 shares of the real estate investment trust’s stock after acquiring an additional 66,772 shares during the period. Principal Financial Group Inc.’s holdings in Equity Lifestyle Properties were worth $401,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ELS. Wiser Advisor Group LLC acquired a new stake in shares of Equity Lifestyle Properties during the third quarter worth about $25,000. GoalVest Advisory LLC acquired a new position in shares of Equity Lifestyle Properties in the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its position in shares of Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares during the period. Clearstead Trust LLC increased its stake in Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Equity Lifestyle Properties during the third quarter worth $34,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Up 2.4%

Shares of ELS stock opened at $65.00 on Tuesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $69.00. The firm’s fifty day moving average price is $63.25 and its two-hundred day moving average price is $63.93. The firm has a market capitalization of $12.61 billion, a P/E ratio of 32.50, a PEG ratio of 3.86 and a beta of 0.66.

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

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio is presently 108.50%.

Analysts Set New Price Targets

ELS has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Friday, June 26th. Barclays cut their price target on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company decreased their price objective on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and an average price target of $68.92.

Equity Lifestyle Properties Company Profile

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.