Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,247 shares of the real estate investment trust’s stock after selling 2,050 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Equity LifeStyle Properties were worth $4,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC purchased a new stake in shares of Equity LifeStyle Properties during the 3rd quarter valued at $41,000. Arkadios Wealth Advisors grew its stake in shares of Equity LifeStyle Properties by 44.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 741 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 227 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Equity LifeStyle Properties during the 1st quarter valued at $69,000. O Shaughnessy Asset Management LLC grew its stake in shares of Equity LifeStyle Properties by 9.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,269 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 203 shares during the period. Finally, C M Bidwell & Associates Ltd. grew its stake in shares of Equity LifeStyle Properties by 11.8% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,425 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 255 shares during the period. Institutional investors own 91.49% of the company’s stock.

Shares of ELS stock opened at $62.79 on Friday. Equity LifeStyle Properties, Inc. has a 12 month low of $41.97 and a 12 month high of $77.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market capitalization of $11.44 billion, a P/E ratio of 52.33, a P/E/G ratio of 4.60 and a beta of 0.46. The company’s fifty day moving average price is $61.59 and its two-hundred day moving average price is $62.87.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Sunday, January 24th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.21). Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The firm had revenue of $271.90 million during the quarter, compared to analyst estimates of $267.99 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 8th. Shareholders of record on Thursday, December 24th were issued a $0.343 dividend. The ex-dividend date was Wednesday, December 23rd. This represents a $1.37 dividend on an annualized basis and a yield of 2.19%. Equity LifeStyle Properties’s dividend payout ratio is currently 65.55%.

Several brokerages have recently issued reports on ELS. Zacks Investment Research cut shares of Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research note on Monday, February 1st. BMO Capital Markets upped their price target on shares of Equity LifeStyle Properties from $66.00 to $67.00 in a research report on Monday, February 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Smith Barney Citigroup raised shares of Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Finally, Robert W. Baird began coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 19th. They set an “outperform” rating and a $67.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Equity LifeStyle Properties presently has a consensus rating of “Buy” and an average price target of $68.17.

Equity LifeStyle Properties Profile

We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of October 19, 2020, we own or have an interest in 415 quality properties in 33 states and British Columbia consisting of 157,690 sites.

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