Bank of Nova Scotia Has $744,000 Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Bank of Nova Scotia grew its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) by 28.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 10,572 shares of the real estate investment trust’s stock after purchasing an additional 2,328 shares during the quarter. Bank of Nova Scotia’s holdings in Equity LifeStyle Properties were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in Equity LifeStyle Properties by 1,134.6% during the first quarter. First Horizon Advisors Inc. now owns 321 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 295 shares during the last quarter. Better Money Decisions LLC acquired a new stake in Equity LifeStyle Properties during the second quarter worth approximately $27,000. Brown Brothers Harriman & Co. acquired a new stake in Equity LifeStyle Properties during the first quarter worth approximately $59,000. Anson Funds Management LP acquired a new stake in Equity LifeStyle Properties during the first quarter worth approximately $80,000. Finally, Oak Thistle LLC acquired a new stake in Equity LifeStyle Properties during the second quarter worth approximately $203,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ELS has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of Equity LifeStyle Properties from $71.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 19th. StockNews.com initiated coverage on shares of Equity LifeStyle Properties in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. Evercore ISI dropped their price target on shares of Equity LifeStyle Properties from $71.00 to $70.00 in a research report on Tuesday, September 27th. Barclays decreased their target price on shares of Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. Finally, Robert W. Baird decreased their target price on shares of Equity LifeStyle Properties from $76.00 to $68.00 in a report on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $76.00.

Equity LifeStyle Properties Trading Up 2.7 %

Shares of ELS opened at $65.23 on Friday. Equity LifeStyle Properties, Inc. has a 52-week low of $56.91 and a 52-week high of $88.70. The business’s fifty day moving average is $63.85 and its 200-day moving average is $69.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 43.49, a PEG ratio of 4.62 and a beta of 0.62.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last issued its quarterly earnings data on Tuesday, October 18th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $381.00 million for the quarter, compared to the consensus estimate of $375.16 million. Equity LifeStyle Properties had a return on equity of 18.30% and a net margin of 19.36%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. Equities analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.66 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.51%. Equity LifeStyle Properties’s dividend payout ratio is currently 109.33%.

Equity LifeStyle Properties Company Profile

(Get Rating)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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

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