Aviva PLC grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 132.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,101 shares of the real estate investment trust’s stock after buying an additional 102,216 shares during the period. Aviva PLC owned 0.10% of Equity Lifestyle Properties worth $10,295,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. L & S Advisors Inc raised its position in shares of Equity Lifestyle Properties by 95.2% in the fourth quarter. L & S Advisors Inc now owns 169,744 shares of the real estate investment trust’s stock valued at $11,948,000 after buying an additional 82,792 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in Equity Lifestyle Properties in the fourth quarter valued at approximately $1,362,000. State Street Corp boosted its stake in shares of Equity Lifestyle Properties by 87.7% in the 4th quarter. State Street Corp now owns 8,345,858 shares of the real estate investment trust’s stock valued at $589,997,000 after purchasing an additional 3,899,407 shares during the last quarter. FIL Ltd grew its holdings in Equity Lifestyle Properties by 100.8% during the 4th quarter. FIL Ltd now owns 294,790 shares of the real estate investment trust’s stock worth $20,750,000 after acquiring an additional 148,008 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Equity Lifestyle Properties by 173.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,021 shares of the real estate investment trust’s stock valued at $461,000 after purchasing an additional 5,087 shares in the last quarter. 91.42% of the stock is owned by institutional investors.
Equity Lifestyle Properties stock traded down $2.12 during mid-day trading on Thursday, hitting $62.58. 29,063 shares of the company traded hands, compared to its average volume of 1,152,320. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.06 and a current ratio of 0.06. Equity Lifestyle Properties, Inc. has a one year low of $41.97 and a one year high of $77.55. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 5.96 and a beta of 0.47. The stock has a fifty day moving average price of $61.06 and a 200-day moving average price of $66.36.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Equity Lifestyle Properties had a net margin of 22.58% and a return on equity of 18.15%. The company had revenue of $280.50 million for the quarter, compared to analysts’ expectations of $267.62 million. During the same quarter last year, the business posted $1.13 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 2.16 EPS for the current year.
A number of analysts recently commented on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price target (down from $76.00) on shares of Equity Lifestyle Properties in a research report on Monday, April 20th. Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Citigroup raised their price target on shares of Equity Lifestyle Properties from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Wells Fargo & Co decreased their price target on shares of Equity Lifestyle Properties from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Finally, Evercore ISI upgraded Equity Lifestyle Properties from an “in-line” rating to an “outperform” rating in a research report on Monday, March 30th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $71.00.
About Equity Lifestyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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