Boston Partners Has $193.25 Million Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Boston Partners reduced its stake in Equity Lifestyle Properties by 2.5% as of the first quarter, now owning approximately 1.52% of the company, valued at $193.25 million.
• The company reported earnings of $0.69 per share for the last quarter, aligning with analyst estimates, but experienced a decrease in revenue compared to the previous year.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515, with a total annualized dividend of $2.06, reflecting a dividend yield of 3.4% despite a payout ratio of 106.74%.

Boston Partners lessened its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,897,654 shares of the real estate investment trust's stock after selling 73,839 shares during the quarter. Boston Partners owned approximately 1.52% of Equity Lifestyle Properties worth $193,251,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. raised its holdings in shares of Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock valued at $533,000 after purchasing an additional 200 shares during the last quarter. Xponance Inc. grew its position in Equity Lifestyle Properties by 0.7% in the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock valued at $2,077,000 after purchasing an additional 203 shares in the last quarter. Bessemer Group Inc. increased its stake in Equity Lifestyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 210 shares during the last quarter. GF Fund Management CO. LTD. lifted its position in Equity Lifestyle Properties by 6.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after buying an additional 218 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in shares of Equity Lifestyle Properties by 2.0% during the 1st quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust's stock worth $851,000 after buying an additional 251 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock traded down $1.11 during midday trading on Monday, hitting $59.57. 1,305,775 shares of the company were exchanged, compared to its average volume of 1,534,168. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The firm has a market capitalization of $11.54 billion, a P/E ratio of 30.86, a PEG ratio of 3.24 and a beta of 0.70. The firm's 50 day moving average price is $61.54 and its two-hundred day moving average price is $64.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.69. The company had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%. The business's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 106.74%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Royal Bank Of Canada decreased their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets dropped their price target on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.50.

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.