4,300 Shares in Equity Lifestyle Properties, Inc. (ELS) Purchased by LLBH Private Wealth Management LLC

LLBH Private Wealth Management LLC purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,300 shares of the real estate investment trust’s stock, valued at approximately $418,000.

Several other institutional investors have also bought and sold shares of ELS. We Are One Seven LLC acquired a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $29,000. First Hawaiian Bank acquired a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth $113,000. D.A. Davidson & CO. acquired a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $206,000. Crossmark Global Holdings Inc. acquired a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth $218,000. Finally, Oakbrook Investments LLC acquired a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth $249,000. 95.64% of the stock is owned by institutional investors.

In other Equity Lifestyle Properties news, Director David J. Contis sold 6,581 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $105.53, for a total value of $694,492.93. Following the completion of the transaction, the director now owns 1,378 shares of the company’s stock, valued at approximately $145,420.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird upped their target price on Equity Lifestyle Properties from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $104.00 target price on shares of Equity Lifestyle Properties in a report on Monday, January 28th. Finally, Citigroup set a $98.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Thursday, October 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Equity Lifestyle Properties currently has a consensus rating of “Hold” and a consensus target price of $102.42.

Shares of ELS opened at $108.01 on Thursday. Equity Lifestyle Properties, Inc. has a 12-month low of $82.41 and a 12-month high of $111.39. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 4.76 and a beta of 0.34.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.41). Equity Lifestyle Properties had a return on equity of 19.73% and a net margin of 22.62%. The firm had revenue of $243.50 million during the quarter, compared to analyst estimates of $232.05 million. During the same period in the previous year, the company earned $0.84 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts forecast that Equity Lifestyle Properties, Inc. will post 4.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, March 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. Equity Lifestyle Properties’s dividend payout ratio is presently 56.85%.

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Equity Lifestyle Properties Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

Featured Article: Cost of Goods Sold (COGS)

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

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