Equity Lifestyle Properties, Inc. $ELS Holdings Decreased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its Equity Lifestyle Properties stake by 19.7% in the third quarter, selling 40,680 shares and retaining 165,938 shares valued at approximately $9.7 million. Institutional investors collectively own 97.21% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $67.09; recent target changes ranged from $59 to $67.
• ELS reported quarterly revenue of $409.9 million, exceeding estimates, but earnings per share of $0.45 fell short of the $0.79 consensus. The company paid a quarterly dividend of $0.5425 per share, equivalent to a 3.6% yield.

Robeco Institutional Asset Management B.V. lowered its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 19.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,938 shares of the real estate investment trust's stock after selling 40,680 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Equity Lifestyle Properties worth $9,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ELS. YANKCOM Partnership boosted its position in Equity Lifestyle Properties by 44.9% during the 3rd quarter. YANKCOM Partnership now owns 549 shares of the real estate investment trust's stock worth $32,000 after buying an additional 170 shares during the period. Bessemer Group Inc. increased its position in Equity Lifestyle Properties by 30.3% in the 1st quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 171 shares during the period. Fifth Third Bancorp increased its position in Equity Lifestyle Properties by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust's stock valued at $347,000 after acquiring an additional 189 shares during the period. Parkside Financial Bank & Trust increased its position in Equity Lifestyle Properties by 126.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 232 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Equity Lifestyle Properties by 9.5% during the first quarter. Parallel Advisors LLC now owns 3,209 shares of the real estate investment trust's stock valued at $200,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley reiterated a "mixed" rating and set a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. UBS Group decreased their price objective on Equity Lifestyle Properties from $76.00 to $67.00 and set a "buy" rating for the company in a report on Tuesday, October 6th. Weiss Ratings lowered Equity Lifestyle Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research report on Thursday, July 9th. Finally, Truist Financial set a $64.00 target price on Equity Lifestyle Properties and gave the stock a "hold" rating in a report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $67.09.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $60.84 on Friday. The stock has a market capitalization of $11.81 billion, a PE ratio of 29.97, a PEG ratio of 3.49 and a beta of 0.63. The business's 50 day simple moving average is $61.26 and its 200 day simple moving average is $62.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.02 and a quick ratio of 0.02. Equity Lifestyle Properties, Inc. has a one year low of $57.46 and a one year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.34). The firm had revenue of $409.90 million for the quarter, compared to the consensus estimate of $402.75 million. Equity Lifestyle Properties had a return on equity of 21.73% and a net margin of 24.97%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.19 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, September 25th. This represents a $2.17 annualized dividend and a dividend yield of 3.6%. Equity Lifestyle Properties's dividend payout ratio is 106.90%.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc NYSE: ELS is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.

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