Caprock Group LLC Trims Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Caprock Group LLC reduced its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 747,088 shares of the real estate investment trust’s stock after selling 16,872 shares during the quarter. Equity LifeStyle Properties comprises 1.6% of Caprock Group LLC’s portfolio, making the stock its 9th biggest holding. Caprock Group LLC’s holdings in Equity LifeStyle Properties were worth $50,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ELS. JPMorgan Chase & Co. grew its stake in shares of Equity LifeStyle Properties by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after purchasing an additional 147,332 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Equity LifeStyle Properties by 0.9% in the third 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Equity LifeStyle Properties by 1.7% in the third 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Equity LifeStyle Properties by 3.7% in the third 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 during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Equity LifeStyle Properties by 370.6% in the third 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 during the last quarter. 97.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Royal Bank of Canada lowered their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a report on Wednesday. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, Robert W. Baird lifted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Equity LifeStyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $73.90.

Equity LifeStyle Properties Trading Up 0.2 %

NYSE:ELS opened at $65.31 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a market cap of $12.48 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79. The company has a 50 day simple moving average of $67.67 and a two-hundred day simple moving average of $69.52.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current year.

About Equity LifeStyle Properties

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.