Equity Lifestyle Properties, Inc. (ELS) Shares Bought by Menta Capital LLC

Menta Capital LLC lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 988.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,300 shares of the real estate investment trust’s stock after purchasing an additional 25,700 shares during the quarter. Menta Capital LLC’s holdings in Equity Lifestyle Properties were worth $2,443,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pacad Investment Ltd. purchased a new position in shares of Equity Lifestyle Properties in the 2nd quarter valued at approximately $155,000. Parallel Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 5.7% during the 1st quarter. Parallel Advisors LLC now owns 2,162 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 117 shares in the last quarter. Capstone Asset Management Co. purchased a new position in shares of Equity Lifestyle Properties during the 1st quarter valued at approximately $207,000. Oppenheimer & Co. Inc. purchased a new position in shares of Equity Lifestyle Properties during the 1st quarter valued at approximately $210,000. Finally, Profund Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 0.3% during the 1st quarter. Profund Advisors LLC now owns 3,199 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 8 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman Samuel Zell acquired 805,333 shares of Equity Lifestyle Properties stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.10% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Thursday, September 14th. Robert W. Baird cut shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research note on Friday, September 8th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $81.00 target price on shares of Equity Lifestyle Properties in a research note on Wednesday, September 13th. Finally, BidaskClub raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $86.75.

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) traded up 0.245% during trading on Wednesday, hitting $88.085. The stock had a trading volume of 86,616 shares. The company has a market cap of $7.66 billion, a P/E ratio of 43.715 and a beta of 0.32. The stock’s 50-day moving average price is $87.91 and its 200-day moving average price is $83.97. Equity Lifestyle Properties, Inc. has a one year low of $65.87 and a one year high of $90.80.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.81. Equity Lifestyle Properties had a return on equity of 20.64% and a net margin of 22.00%. The company had revenue of $221.30 million for the quarter, compared to the consensus estimate of $209.80 million. During the same period in the previous year, the business earned $0.75 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Equity Lifestyle Properties, Inc. will post $2.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.4875 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.95 annualized dividend and a dividend yield of 2.22%. Equity Lifestyle Properties’s payout ratio is 97.02%.

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Equity Lifestyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.

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

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