RVB Capital Management LLC Invests $3.81 Million in Equity Lifestyle Properties, Inc. (ELS)

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RVB Capital Management LLC purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the second quarter, HoldingsChannel.com reports. The fund purchased 41,500 shares of the real estate investment trust’s stock, valued at approximately $3,814,000. Equity Lifestyle Properties accounts for approximately 1.9% of RVB Capital Management LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors have also added to or reduced their stakes in ELS. Wells Fargo & Company MN raised its holdings in shares of Equity Lifestyle Properties by 15.1% during the 1st quarter. Wells Fargo & Company MN now owns 106,015 shares of the real estate investment trust’s stock valued at $9,305,000 after purchasing an additional 13,912 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Equity Lifestyle Properties by 11.4% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,083 shares of the real estate investment trust’s stock valued at $1,236,000 after purchasing an additional 1,440 shares in the last quarter. Comerica Bank raised its holdings in shares of Equity Lifestyle Properties by 16.0% during the 1st quarter. Comerica Bank now owns 7,827 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 1,082 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Equity Lifestyle Properties by 5.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 84,563 shares of the real estate investment trust’s stock valued at $7,422,000 after purchasing an additional 4,403 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Equity Lifestyle Properties by 9.6% during the 1st quarter. SG Americas Securities LLC now owns 15,450 shares of the real estate investment trust’s stock valued at $1,356,000 after purchasing an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

ELS has been the topic of a number of recent research reports. ValuEngine downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Finally, Wells Fargo & Co lifted their target price on shares of Equity Lifestyle Properties from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Equity Lifestyle Properties currently has an average rating of “Hold” and a consensus price target of $93.17.

Shares of ELS opened at $96.33 on Wednesday. The firm has a market capitalization of $8.63 billion, a P/E ratio of 26.76, a PEG ratio of 5.25 and a beta of 0.15. Equity Lifestyle Properties, Inc. has a one year low of $79.78 and a one year high of $97.14. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). The firm had revenue of $240.50 million during the quarter, compared to the consensus estimate of $224.20 million. Equity Lifestyle Properties had a return on equity of 20.05% and a net margin of 22.25%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. research analysts expect that Equity Lifestyle Properties, Inc. will post 3.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be issued a $0.55 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.20 annualized dividend and a yield of 2.28%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 61.11%.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of July 23, 2018, we own or have an interest in 410 quality properties in 32 states and British Columbia consisting of 153,549 sites.

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

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