8,880 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Bought by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,880 shares of the real estate investment trust’s stock, valued at approximately $591,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $380,000. Vert Asset Management LLC lifted its position in Equity LifeStyle Properties by 9.8% during the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust’s stock valued at $5,296,000 after acquiring an additional 7,092 shares during the last quarter. Nordea Investment Management AB boosted its stake in Equity LifeStyle Properties by 6.4% in the fourth quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust’s stock valued at $1,432,000 after acquiring an additional 1,301 shares in the last quarter. Lecap Asset Management Ltd. grew its holdings in Equity LifeStyle Properties by 185.8% in the fourth quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust’s stock worth $1,657,000 after purchasing an additional 16,176 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Equity LifeStyle Properties by 0.9% during the fourth quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust’s stock worth $5,477,000 after purchasing an additional 759 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Down 1.0 %

NYSE:ELS opened at $63.77 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company’s fifty day moving average price is $66.38 and its 200-day moving average price is $67.59. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The firm has a market capitalization of $12.19 billion, a P/E ratio of 32.70, a PEG ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The business had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter last year, the business posted $0.59 EPS. As a group, equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.23%. The ex-dividend date was Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is currently 106.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Evercore ISI lowered their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a “buy” rating and a $80.00 price target on the stock. Royal Bank of Canada cut their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, BMO Capital Markets cut their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.10.

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.