Kovitz Investment Group Partners LLC Acquires 18,037 Shares of Equity Lifestyle Properties, Inc. $ELS

Kovitz Investment Group Partners LLC boosted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 47.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,705 shares of the real estate investment trust's stock after acquiring an additional 18,037 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Equity Lifestyle Properties were worth $3,716,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. lifted its position in Equity Lifestyle Properties by 2.6% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock valued at $533,000 after acquiring an additional 200 shares in the last quarter. Xponance Inc. lifted its position in Equity Lifestyle Properties by 0.7% in the 1st quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock valued at $2,077,000 after acquiring an additional 203 shares in the last quarter. GF Fund Management CO. LTD. lifted its position in Equity Lifestyle Properties by 6.8% in the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 218 shares in the last quarter. Townsquare Capital LLC lifted its position in Equity Lifestyle Properties by 2.0% in the 1st quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust's stock valued at $851,000 after acquiring an additional 251 shares in the last quarter. Finally, National Pension Service lifted its position in Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They set a "positive" rating and a $67.50 target price on the stock. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, BMO Capital Markets dropped their target price 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 research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $71.50.

Equity Lifestyle Properties Stock Up 0.6%

Equity Lifestyle Properties stock opened at $60.66 on Monday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $76.60. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 3.24 and a beta of 0.70. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $61.54 and a 200 day simple moving average of $64.06.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data 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 net margin of 24.13% and a return on equity of 21.12%. The business had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same period in the previous year, the business earned $0.66 EPS. Equity Lifestyle Properties's revenue was down .8% compared to the same quarter last year. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders 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 dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's payout ratio is 106.74%.

About Equity Lifestyle Properties

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.

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