Deutsche Bank AG Has $16.73 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Deutsche Bank AG reduced its stake in Equity Lifestyle Properties by 72.5%, now holding approximately $16.73 million worth of the stock.
• Institutional investors now own 97.21% of Equity Lifestyle Properties, with significant stakes increased by Bessemer Group Inc. and Farther Finance Advisors LLC.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515, with a payout ratio of 106.74% and a dividend yield of 3.4%.

Deutsche Bank AG trimmed its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 72.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,858 shares of the real estate investment trust's stock after selling 662,527 shares during the quarter. Deutsche Bank AG owned 0.13% of Equity Lifestyle Properties worth $16,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ELS. Wells Fargo & Company MN lifted its position in Equity Lifestyle Properties by 31.1% in the fourth quarter. Wells Fargo & Company MN now owns 84,332 shares of the real estate investment trust's stock worth $5,617,000 after purchasing an additional 20,011 shares during the period. Raymond James Financial Inc. bought a new stake in Equity Lifestyle Properties during the 4th quarter worth about $6,762,000. Bessemer Group Inc. raised its holdings in Equity Lifestyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 210 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Equity Lifestyle Properties by 59.7% in the 4th quarter. Sterling Capital Management LLC now owns 11,216 shares of the real estate investment trust's stock valued at $747,000 after acquiring an additional 4,192 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Equity Lifestyle Properties by 156.9% during the 4th quarter. Barclays PLC now owns 522,262 shares of the real estate investment trust's stock valued at $34,782,000 after purchasing an additional 318,938 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Stock Down 1.2%

Shares of NYSE ELS traded down $0.72 during trading hours on Monday, hitting $59.96. The company had a trading volume of 302,242 shares, compared to its average volume of 1,527,177. The stock has a market capitalization of $11.62 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $76.60. The firm's 50 day moving average is $61.54 and its 200-day moving average is $64.06.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%. The business had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the prior year, the business earned $0.66 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis. On average, analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business 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 $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ELS shares. Wells Fargo & Company decreased their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Finally, BMO Capital Markets decreased their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.50.

Equity Lifestyle Properties 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.