Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 97.9% during the 4th quarter, Holdings Channel reports. The firm owned 67,648 shares of the real estate investment trust’s stock after purchasing an additional 33,468 shares during the quarter. Venturi Wealth Management LLC’s holdings in Equity Lifestyle Properties were worth $4,762,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ELS. Marshall Wace North America L.P. acquired a new stake in shares of Equity Lifestyle Properties in the first quarter valued at about $69,000. Morgan Stanley grew its position in shares of Equity Lifestyle Properties by 0.5% in the second quarter. Morgan Stanley now owns 174,385 shares of the real estate investment trust’s stock valued at $21,161,000 after purchasing an additional 908 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Equity Lifestyle Properties in the second quarter valued at about $61,000. Jane Street Group LLC grew its position in shares of Equity Lifestyle Properties by 118.4% in the second quarter. Jane Street Group LLC now owns 5,337 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 2,893 shares during the period. Finally, Pictet Asset Management Ltd. acquired a new stake in shares of Equity Lifestyle Properties in the second quarter valued at about $5,448,000. Institutional investors and hedge funds own 46.33% of the company’s stock.

ELS has been the topic of a number of recent research reports. Wells Fargo & Co restated a “hold” rating on shares of Equity Lifestyle Properties in a research report on Friday, December 6th. BMO Capital Markets upgraded shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. ValuEngine lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research lowered shares of Equity Lifestyle Properties from a “buy” rating to a “sell” rating in a research report on Tuesday, January 7th.

In other news, COO Patrick Waite sold 5,994 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $72.17, for a total value of $432,586.98. Following the completion of the transaction, the chief operating officer now owns 199,374 shares in the company, valued at approximately $14,388,821.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.10% of the company’s stock.

Shares of ELS traded down $0.62 during trading hours on Monday, reaching $71.46. The company had a trading volume of 16,138 shares, compared to its average volume of 734,151. The firm has a 50 day simple moving average of $70.19 and a 200-day simple moving average of $100.71. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 4.69 and a beta of 0.18. Equity Lifestyle Properties, Inc. has a 12-month low of $50.53 and a 12-month high of $74.55.

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.306 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.71%. Equity Lifestyle Properties’s dividend payout ratio is presently 63.73%.

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.

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

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