Dupont Capital Management Corp Sells 38,077 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Dupont Capital Management Corp reduced its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 26.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,349 shares of the real estate investment trust’s stock after selling 38,077 shares during the quarter. Dupont Capital Management Corp’s holdings in Equity LifeStyle Properties were worth $7,216,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Seven Post Investment Office LP lifted its stake in shares of Equity LifeStyle Properties by 0.7% in the 4th quarter. Seven Post Investment Office LP now owns 188,798 shares of the real estate investment trust’s stock valued at $12,574,000 after purchasing an additional 1,344 shares during the period. Aurora Investment Managers LLC. lifted its stake in shares of Equity LifeStyle Properties by 8.6% in the 4th quarter. Aurora Investment Managers LLC. now owns 52,137 shares of the real estate investment trust’s stock valued at $3,472,000 after purchasing an additional 4,139 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares during the period. UMB Bank n.a. lifted its stake in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 364 shares during the period. Finally, Avanza Fonder AB purchased a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $917,000. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Stock Down 2.4 %

Equity LifeStyle Properties stock opened at $65.82 on Thursday. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 3.36 and a beta of 0.79. The stock has a fifty day simple moving average of $68.19 and a two-hundred day simple moving average of $69.48. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. During the same period in the previous year, the firm earned $0.71 EPS. The business’s revenue was down .4% on a year-over-year basis. Equities analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, December 27th. Equity LifeStyle Properties’s payout ratio is currently 98.45%.

Wall Street Analyst Weigh In

ELS has been the subject of a number of research analyst reports. Evercore ISI raised their target price on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $73.00 in a research note on Tuesday. Compass Point lifted their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.20.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.