Y Intercept Hong Kong Ltd Buys New Shares in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Y Intercept Hong Kong Ltd bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,164 shares of the real estate investment trust's stock, valued at approximately $1,879,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ELS. Allianz Asset Management GmbH increased its position in Equity Lifestyle Properties by 41.4% during the 1st quarter. Allianz Asset Management GmbH now owns 430,985 shares of the real estate investment trust's stock worth $28,747,000 after purchasing an additional 126,200 shares during the period. Retirement Planning Co of New England Inc. acquired a new stake in shares of Equity Lifestyle Properties in the 1st quarter valued at approximately $213,000. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Equity Lifestyle Properties by 18.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,612 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 560 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after buying an additional 699,877 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Equity Lifestyle Properties in the 1st quarter valued at approximately $483,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ELS. BMO Capital Markets reduced their price target on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday. Royal Bank Of Canada reduced their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday. 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. Finally, Morgan Stanley initiated coverage on 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. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Equity Lifestyle Properties presently has an average rating of "Moderate Buy" and a consensus price target of $72.05.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS traded down $0.35 on Friday, hitting $59.56. The company had a trading volume of 1,382,290 shares, compared to its average volume of 1,557,172. The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 0.24. Equity Lifestyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60. The business has a 50 day moving average of $62.50 and a 200 day moving average of $64.67. The company has a market cap of $11.39 billion, a PE ratio of 30.86, a PEG ratio of 3.21 and a beta of 0.72.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $377.59 million. During the same period in the prior year, the business earned $0.66 earnings per share. The business's revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a $0.515 dividend. The ex-dividend date was Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.46%. 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.