Colony Capital Inc. Buys New Shares in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Colony Capital Inc. bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 4th quarter, Holdings Channel reports. The firm bought 12,000 shares of the real estate investment trust’s stock, valued at approximately $844,000.

Several other large investors have also recently added to or reduced their stakes in ELS. Marshall Wace North America L.P. bought a new position in shares of Equity Lifestyle Properties in the first quarter valued at $69,000. BlackRock Inc. grew its stake in shares of Equity Lifestyle Properties by 8.0% in the second quarter. BlackRock Inc. now owns 8,723,286 shares of the real estate investment trust’s stock valued at $1,058,483,000 after buying an additional 642,897 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Equity Lifestyle Properties by 1.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,806 shares of the real estate investment trust’s stock valued at $1,176,000 after buying an additional 123 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Equity Lifestyle Properties by 105.9% in the third quarter. Nisa Investment Advisors LLC now owns 29,166 shares of the real estate investment trust’s stock valued at $3,897,000 after buying an additional 14,998 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Equity Lifestyle Properties by 20.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 308,384 shares of the real estate investment trust’s stock worth $41,200,000 after purchasing an additional 52,341 shares during the period. 47.44% of the stock is owned by institutional investors and hedge funds.

In other news, COO Patrick Waite sold 5,994 shares of Equity Lifestyle Properties stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $72.17, for a total transaction of $432,586.98. Following the completion of the sale, the chief operating officer now owns 199,374 shares of the company’s stock, valued at $14,388,821.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by company insiders.

ELS opened at $74.64 on Friday. Equity Lifestyle Properties, Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $74.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $13.31 billion, a P/E ratio of 48.62, a P/E/G ratio of 5.58 and a beta of 0.20. The stock has a fifty day moving average of $71.29 and a 200-day moving average of $95.51.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.22). Equity Lifestyle Properties had a return on equity of 22.05% and a net margin of 27.53%. The firm had revenue of $258.60 million for the quarter, compared to analyst estimates of $254.87 million. During the same period in the prior year, the business posted $0.97 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 2.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.343 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.31. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 58.85%.

A number of equities analysts have commented on ELS shares. Robert W. Baird lifted their price objective on shares of Equity Lifestyle Properties from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Zacks Investment Research raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Thursday, January 30th. ValuEngine cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. BMO Capital Markets raised shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $72.25.

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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Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS).

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

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