Allianz Asset Management GmbH Increases Holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Allianz Asset Management GmbH boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 41.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 430,985 shares of the real estate investment trust's stock after acquiring an additional 126,200 shares during the quarter. Allianz Asset Management GmbH owned 0.23% of Equity Lifestyle Properties worth $28,747,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ELS. Bessemer Group Inc. lifted its holdings in shares of 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 worth $25,000 after buying an additional 210 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after buying an additional 635 shares during the period. Blue Trust Inc. lifted its stake in shares of Equity Lifestyle Properties by 351.6% during the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after purchasing an additional 1,452 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Equity Lifestyle Properties by 137.5% during the 1st quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Greenleaf Trust purchased a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth $200,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their price objective 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. Compass Point raised Equity Lifestyle Properties from a "hold" rating to a "strong-buy" rating and set a $72.00 target price on the stock in a research report on Tuesday. Jefferies Financial Group initiated coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. BMO Capital Markets reduced their target price on 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. Finally, Wells Fargo & Company reduced their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $72.05.

Insider Buying and Selling

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the sale, the chief financial officer directly owned 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock traded down $1.00 during midday trading on Thursday, hitting $59.95. 2,198,319 shares of the company were exchanged, compared to its average volume of 1,504,016. The firm has a market capitalization of $11.46 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 3.28 and a beta of 0.72. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The business has a fifty day simple moving average of $62.68 and a two-hundred day simple moving average of $64.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.03 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. The firm had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%. Equity Lifestyle Properties's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. On average, sell-side 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 was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Friday, June 27th. Equity Lifestyle Properties's payout ratio is currently 106.74%.

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.