Dupont Capital Management Corp Reduces Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Dupont Capital Management Corp lessened its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,349 shares of the real estate investment trust’s stock after selling 38,077 shares during the period. Dupont Capital Management Corp owned 0.06% of Equity LifeStyle Properties worth $7,216,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock valued at $339,713,000 after buying an additional 147,332 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Equity LifeStyle Properties by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock worth $331,707,000 after purchasing an additional 39,864 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Equity LifeStyle Properties by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust’s stock worth $273,014,000 after purchasing an additional 65,191 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Equity LifeStyle Properties by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust’s stock worth $174,155,000 after purchasing an additional 87,609 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Equity LifeStyle Properties by 370.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock worth $166,182,000 after purchasing an additional 1,834,491 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ELS. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Evercore ISI increased their price objective on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $73.00 in a report on Tuesday. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Finally, UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Equity LifeStyle Properties Price Performance

ELS opened at $65.82 on Thursday. The stock’s 50 day simple moving average is $68.19 and its 200 day simple moving average is $69.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 3.36 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The company had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equity LifeStyle Properties’s revenue was down .4% compared to the same quarter last year. As a group, analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.477 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.91 annualized dividend and a yield of 2.90%. Equity LifeStyle Properties’s payout ratio is 98.45%.

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.