FDx Advisors Inc. Invests $748,000 in Equity Lifestyle Properties, Inc. (ELS) Stock

FDx Advisors Inc. purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,758 shares of the real estate investment trust’s stock, valued at approximately $748,000.

Several other institutional investors have also recently added to or reduced their stakes in ELS. State Board of Administration of Florida Retirement System boosted its position in shares of Equity Lifestyle Properties by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 133,293 shares of the real estate investment trust’s stock worth $12,250,000 after acquiring an additional 690 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Equity Lifestyle Properties by 29.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,533 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 802 shares during the last quarter. US Bancorp DE boosted its position in shares of Equity Lifestyle Properties by 8.1% in the second quarter. US Bancorp DE now owns 11,433 shares of the real estate investment trust’s stock worth $1,050,000 after acquiring an additional 859 shares during the last quarter. First Western Capital Management Co boosted its position in shares of Equity Lifestyle Properties by 21.0% in the second quarter. First Western Capital Management Co now owns 6,736 shares of the real estate investment trust’s stock worth $619,000 after acquiring an additional 1,168 shares during the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Equity Lifestyle Properties in the third quarter worth approximately $113,000. 95.12% of the stock is currently owned by institutional investors.

ELS opened at $99.53 on Monday. The company has a market cap of $8.93 billion, a PE ratio of 27.65, a PEG ratio of 4.43 and a beta of 0.19. Equity Lifestyle Properties, Inc. has a 52-week low of $79.78 and a 52-week high of $99.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.07 and a current ratio of 0.07.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $256.70 million for the quarter, compared to analyst estimates of $240.19 million. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.21%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 61.11%.

Several research analysts recently commented on ELS shares. BMO Capital Markets raised their price target on shares of Equity Lifestyle Properties from $96.00 to $99.00 and gave the company a “market perform” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Wednesday, November 21st. Citigroup set a $98.00 price objective on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Thursday, October 25th. Wells Fargo & Co lifted their price objective on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Finally, Bank of America lifted their price objective on shares of Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a “buy” rating in a research note on Monday, September 17th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of $98.50.

In related news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction on Monday, November 19th. The shares were sold at an average price of $96.71, for a total value of $967,100.00. Following the completion of the sale, the executive vice president now owns 146,389 shares in the company, valued at $14,157,280.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is currently owned by insiders.

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Equity Lifestyle Properties Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

Further Reading: How is the discount rate different from the Federal Funds rate?

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Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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