Optimal Asset Management Inc. raised its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 209.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,802 shares of the real estate investment trust’s stock after acquiring an additional 26,243 shares during the quarter. Optimal Asset Management Inc.’s holdings in Equity Lifestyle Properties were worth $2,230,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Credit Agricole S A purchased a new stake in shares of Equity Lifestyle Properties in the first quarter valued at about $26,000. Meeder Asset Management Inc. bought a new position in Equity Lifestyle Properties in the 1st quarter worth about $26,000. Synovus Financial Corp bought a new position in Equity Lifestyle Properties in the 1st quarter worth about $27,000. Taylor Hoffman Wealth Management boosted its stake in Equity Lifestyle Properties by 100.0% in the 4th quarter. Taylor Hoffman Wealth Management now owns 394 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 197 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its stake in Equity Lifestyle Properties by 127.7% in the 4th quarter. CSat Investment Advisory L.P. now owns 403 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 226 shares in the last quarter. 91.42% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties stock traded down $1.06 during midday trading on Friday, hitting $62.21. The stock had a trading volume of 7,489 shares, compared to its average volume of 1,238,750. The firm’s fifty day moving average is $61.96 and its two-hundred day moving average is $65.72. The company has a market capitalization of $11.26 billion, a PE ratio of 49.62, a P/E/G ratio of 6.06 and a beta of 0.46. Equity Lifestyle Properties, Inc. has a 52-week low of $41.97 and a 52-week high of $77.55. 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 posted its quarterly earnings results 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 return on equity of 18.15% and a net margin of 22.58%. The business had revenue of $280.50 million during the quarter, compared to the consensus estimate of $267.62 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 2.07 earnings per share for the current fiscal year.

ELS has been the topic of several research analyst reports. Evercore ISI upgraded shares of Equity Lifestyle Properties from an “in-line” rating to an “outperform” rating in a research note on Monday, March 30th. Zacks Investment Research cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Wells Fargo & Co lowered their target price on shares of Equity Lifestyle Properties from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. BMO Capital Markets restated a “buy” rating and set a $72.00 target price (down previously from $76.00) on shares of Equity Lifestyle Properties in a research note on Monday, April 20th. Finally, Citigroup upped their target price on shares of Equity Lifestyle Properties from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Equity Lifestyle Properties currently has a consensus rating of “Hold” and an average target price of $71.00.

Equity Lifestyle Properties Profile

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.

Read More: What does an outperform rating mean?

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

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