Deutsche Bank AG Purchases New Position in Equity Lifestyle Properties, Inc. $ELS

Deutsche Bank AG acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 105,773 shares of the real estate investment trust's stock, valued at approximately $6,817,000. Deutsche Bank AG owned approximately 0.05% of Equity Lifestyle Properties as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Equity Lifestyle Properties by 11.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust's stock worth $20,206,000 after purchasing an additional 34,946 shares during the period. Thrivent Financial for Lutherans lifted its stake in Equity Lifestyle Properties by 1,104.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust's stock worth $40,794,000 after purchasing an additional 617,202 shares in the last quarter. Legal & General Group Plc lifted its stake in Equity Lifestyle Properties by 13.4% during the 4th quarter. Legal & General Group Plc now owns 1,365,902 shares of the real estate investment trust's stock worth $82,787,000 after acquiring an additional 161,210 shares in the last quarter. BROOKFIELD Corp ON acquired a new stake in shares of Equity Lifestyle Properties during the first quarter worth about $19,429,000. Finally, Resolution Capital Ltd lifted its holdings in Equity Lifestyle Properties by 3.3% during the 1st quarter. Resolution Capital Ltd now owns 1,885,292 shares of the real estate investment trust's stock worth $117,680,000 after buying an additional 59,809 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ELS shares. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a "strong-buy" rating in a research note on Wednesday, July 22nd. Weiss Ratings raised Equity Lifestyle Properties from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 14th. Morgan Stanley reissued a "mixed" rating and set a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a research report on Wednesday, August 12th. Barclays set a $69.00 target price on Equity Lifestyle Properties and gave the company an "equal weight" rating in a research note on Monday, August 17th. Finally, Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.52.

Equity Lifestyle Properties Trading Up 0.4%

NYSE ELS opened at $65.74 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market cap of $12.76 billion, a P/E ratio of 31.61, a P/E/G ratio of 3.81 and a beta of 0.64. Equity Lifestyle Properties, Inc. has a 12 month low of $58.72 and a 12 month high of $69.00. The company has a 50-day moving average of $64.74 and a 200-day moving average of $64.65.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.22). The firm had revenue of $397.81 million for the quarter, compared to analysts' expectations of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties's payout ratio is currently 104.33%.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc NYSE: ELS is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company's portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.

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