275,847 Shares in Equity Lifestyle Properties, Inc. $ELS Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 275,847 shares of the real estate investment trust’s stock, valued at approximately $17,778,000.

Several other hedge funds have also recently added to or reduced their stakes in ELS. Empowered Funds LLC boosted its position in shares of Equity Lifestyle Properties by 14.1% in the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 804 shares during the period. Jane Street Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 598.5% during the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock worth $7,964,000 after acquiring an additional 102,303 shares during the period. Intech Investment Management LLC lifted its stake in Equity Lifestyle Properties by 62.3% during the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 8,873 shares during the period. Cetera Investment Advisers boosted its stake in Equity Lifestyle Properties by 111.0% in the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 5,325 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter valued at $300,000. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

ELS has been the topic of several recent analyst reports. Barclays set a $69.00 target price on Equity Lifestyle Properties and gave the stock an “equal weight” rating in a report on Monday, August 17th. Morgan Stanley reissued a “mixed” rating and set a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday, August 12th. Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Finally, Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.52.

Equity Lifestyle Properties Stock Performance

Shares of NYSE:ELS opened at $62.37 on Tuesday. The stock has a market capitalization of $12.10 billion, a P/E ratio of 29.99, a P/E/G ratio of 3.64 and a beta of 0.64. Equity Lifestyle Properties, Inc. has a 1-year low of $58.72 and a 1-year high of $69.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $64.81 and a two-hundred day moving average price of $64.43.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.22). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The business had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. During the same period last year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.17 dividend on an annualized basis and a yield of 3.5%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 104.33%.

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.