Natixis Advisors L.P. trimmed its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 15.4% during the second quarter, HoldingsChannel.com reports. The fund owned 34,935 shares of the real estate investment trust’s stock after selling 6,347 shares during the period. Natixis Advisors L.P.’s holdings in Equity Lifestyle Properties were worth $4,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ELS. Geode Capital Management LLC raised its holdings in Equity Lifestyle Properties by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 1,085,533 shares of the real estate investment trust’s stock worth $105,437,000 after purchasing an additional 82,159 shares in the last quarter. California Public Employees Retirement System raised its holdings in Equity Lifestyle Properties by 1.0% during the first quarter. California Public Employees Retirement System now owns 142,587 shares of the real estate investment trust’s stock worth $16,298,000 after purchasing an additional 1,465 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Equity Lifestyle Properties by 12.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,896 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 1,339 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Equity Lifestyle Properties by 16.3% during the first quarter. New York State Common Retirement Fund now owns 196,700 shares of the real estate investment trust’s stock worth $22,483,000 after purchasing an additional 27,600 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Equity Lifestyle Properties by 1.1% during the first quarter. Great West Life Assurance Co. Can now owns 74,309 shares of the real estate investment trust’s stock worth $8,489,000 after purchasing an additional 818 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the transaction, the executive vice president now directly owns 130,645 shares in the company, valued at approximately $16,330,625. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul Seavey sold 7,000 shares of Equity Lifestyle Properties stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $124.80, for a total transaction of $873,600.00. Following the completion of the transaction, the chief financial officer now owns 71,571 shares in the company, valued at $8,932,060.80. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Shares of Equity Lifestyle Properties stock traded down $1.18 during trading on Friday, reaching $131.04. The company’s stock had a trading volume of 112,532 shares, compared to its average volume of 412,176. The company has a 50-day moving average price of $131.49 and a two-hundred day moving average price of $121.36. The firm has a market cap of $11.71 billion, a PE ratio of 33.86, a P/E/G ratio of 4.29 and a beta of 0.23. Equity Lifestyle Properties, Inc. has a fifty-two week low of $90.90 and a fifty-two week high of $138.92. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.15.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 22nd. The real estate investment trust reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $248.37 million for the quarter, compared to analysts’ expectations of $244.91 million. Equity Lifestyle Properties had a net margin of 27.02% and a return on equity of 22.00%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 4.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.613 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, September 26th. Equity Lifestyle Properties’s payout ratio is presently 63.31%.

Separately, Zacks Investment Research raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $112.25.

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

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