William Blair Investment Management LLC Has $835,000 Position in Equity Lifestyle Properties, Inc. (ELS)

William Blair Investment Management LLC boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,654 shares of the real estate investment trust’s stock after acquiring an additional 539 shares during the period. William Blair Investment Management LLC’s holdings in Equity Lifestyle Properties were worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Equity Lifestyle Properties by 3.9% in the second quarter. BlackRock Inc. now owns 6,980,001 shares of the real estate investment trust’s stock worth $641,460,000 after acquiring an additional 261,338 shares during the period. Renaissance Technologies LLC increased its stake in shares of Equity Lifestyle Properties by 7.5% in the second quarter. Renaissance Technologies LLC now owns 3,063,900 shares of the real estate investment trust’s stock worth $281,572,000 after acquiring an additional 214,500 shares during the period. Schroder Investment Management Group increased its stake in shares of Equity Lifestyle Properties by 8.6% in the third quarter. Schroder Investment Management Group now owns 1,703,077 shares of the real estate investment trust’s stock worth $164,261,000 after acquiring an additional 135,453 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Equity Lifestyle Properties by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,252,321 shares of the real estate investment trust’s stock worth $120,781,000 after acquiring an additional 7,061 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Equity Lifestyle Properties by 0.4% in the second quarter. Northern Trust Corp now owns 1,098,854 shares of the real estate investment trust’s stock worth $100,984,000 after acquiring an additional 4,312 shares during the period. 95.12% of the stock is owned by institutional investors.

In related news, EVP Roger Maynard sold 10,000 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the sale, the executive vice president now directly owns 146,389 shares of the company’s stock, valued at $14,157,280.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.

A number of analysts have recently weighed in on ELS shares. BMO Capital Markets increased their price objective on shares of Equity Lifestyle Properties from $96.00 to $99.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 23rd. Robert W. Baird increased their price objective on shares of Equity Lifestyle Properties from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, October 25th. Bank of America increased their price objective on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the stock a “buy” rating in a research note on Monday, September 17th. ValuEngine upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Wednesday, November 21st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $98.50.

Shares of NYSE ELS opened at $102.56 on Friday. Equity Lifestyle Properties, Inc. has a 1 year low of $79.78 and a 1 year high of $103.05. The firm has a market cap of $9.19 billion, a P/E ratio of 28.49, a PEG ratio of 4.55 and a beta of 0.19. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The firm had revenue of $256.70 million for the quarter, compared to the consensus estimate of $240.19 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.91 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, December 27th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 61.11%.

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Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

Read More: What is an Initial Public Offering (IPO)?

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

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