Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 18.6% in the second quarter, Holdings Channel.com reports. The firm owned 23,560 shares of the real estate investment trust’s stock after acquiring an additional 3,700 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Equity LifeStyle Properties were worth $1,759,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ELS. Neuberger Berman Group LLC lifted its stake in Equity LifeStyle Properties by 10.2% during the second quarter. Neuberger Berman Group LLC now owns 949,442 shares of the real estate investment trust’s stock worth $70,429,000 after purchasing an additional 87,872 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Equity LifeStyle Properties in the second quarter valued at $577,000. California Public Employees Retirement System raised its stake in shares of Equity LifeStyle Properties by 1.5% in the second quarter. California Public Employees Retirement System now owns 1,330,071 shares of the real estate investment trust’s stock valued at $98,838,000 after acquiring an additional 19,950 shares in the last quarter. LPL Financial LLC raised its stake in Equity LifeStyle Properties by 36.5% in the second quarter. LPL Financial LLC now owns 20,680 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 5,533 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Equity LifeStyle Properties by 5.9% in the second quarter. Stifel Financial Corp now owns 18,220 shares of the real estate investment trust’s stock valued at $1,354,000 after buying an additional 1,017 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

Shares of ELS opened at $83.79 on Thursday. Equity LifeStyle Properties, Inc. has a twelve month low of $57.93 and a twelve month high of $88.47. The stock’s 50 day moving average is $82.66 and its two-hundred day moving average is $76.36. The firm has a market capitalization of $15.28 billion, a PE ratio of 63.48, a P/E/G ratio of 6.49 and a beta of 0.50. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.28.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Sunday, July 18th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Equity LifeStyle Properties had a net margin of 20.64% and a return on equity of 18.54%. The company had revenue of $317.42 million during the quarter, compared to the consensus estimate of $262.68 million. During the same period last year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 2.47 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 8th. Stockholders of record on Friday, September 24th were given a dividend of $0.363 per share. The ex-dividend date was Thursday, September 23rd. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.73%. Equity LifeStyle Properties’s payout ratio is 66.82%.

A number of research firms have weighed in on ELS. Robert W. Baird raised their price target on Equity LifeStyle Properties from $74.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, July 22nd. They noted that the move was a valuation call. Zacks Investment Research cut Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 5th. Royal Bank of Canada raised their price objective on Equity LifeStyle Properties from $75.00 to $82.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 21st. Barclays started coverage on Equity LifeStyle Properties in a report on Wednesday, September 1st. They set an “overweight” rating and a $92.00 price objective on the stock. Finally, Colliers Securities reaffirmed a “buy” rating on shares of Equity LifeStyle Properties in a report on Thursday, September 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Equity LifeStyle Properties has a consensus rating of “Buy” and an average price target of $81.50.

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.

Further Reading: ESG Score

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Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

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