Nomura Holdings Inc. Acquires Shares of 46,098 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Nomura Holdings Inc. purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 46,098 shares of the real estate investment trust's stock, valued at approximately $3,070,000.

A number of other institutional investors have also recently made changes to their positions in ELS. Principal Financial Group Inc. boosted its position in shares of Equity LifeStyle Properties by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after purchasing an additional 3,838,809 shares in the last quarter. Invesco Ltd. boosted its position in shares of Equity LifeStyle Properties by 592.7% during the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock valued at $260,955,000 after purchasing an additional 3,352,584 shares in the last quarter. Norges Bank bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $163,212,000. Northern Trust Corp boosted its position in shares of Equity LifeStyle Properties by 43.3% during the 4th quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock valued at $162,162,000 after purchasing an additional 735,580 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Equity LifeStyle Properties by 221.2% during the 4th quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock worth $64,961,000 after buying an additional 671,703 shares during the period. Institutional investors own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of research reports. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target on the stock. BMO Capital Markets dropped their price objective on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird raised their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, Evercore ISI decreased their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $74.33.

Equity LifeStyle Properties Stock Up 0.8%

Shares of NYSE:ELS traded up $0.51 during mid-day trading on Monday, hitting $65.37. 797,934 shares of the company traded hands, compared to its average volume of 1,301,103. The stock has a market cap of $12.50 billion, a P/E ratio of 33.52, a P/E/G ratio of 3.02 and a beta of 0.76. 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 $58.86 and a 12-month high of $76.60. The stock has a 50-day moving average price of $65.16 and a two-hundred day moving average price of $66.96.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same period in the prior year, the company posted $0.59 earnings per share. On average, equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a yield of 3.15%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Insider Activity

In related news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

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.