Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Bought by Xponance Inc.

Xponance Inc. boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,133 shares of the real estate investment trust’s stock after buying an additional 203 shares during the quarter. Xponance Inc.’s holdings in Equity Lifestyle Properties were worth $2,077,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ELS. Invesco Ltd. lifted its holdings in Equity Lifestyle Properties by 592.7% during the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust’s stock worth $260,955,000 after buying an additional 3,352,584 shares in the last quarter. Norges Bank acquired a new stake in Equity Lifestyle Properties during the 4th quarter worth approximately $163,212,000. Northern Trust Corp lifted its holdings in Equity Lifestyle Properties by 43.3% during the 4th quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust’s stock worth $162,162,000 after buying an additional 735,580 shares in the last quarter. Millennium Management LLC lifted its holdings in Equity Lifestyle Properties by 221.2% during the 4th quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust’s stock worth $64,961,000 after buying an additional 671,703 shares in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new stake in Equity Lifestyle Properties during the 4th quarter worth approximately $36,520,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the transaction, the chief financial officer directly owned 78,162 shares of the company’s stock, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Equity Lifestyle Properties Trading Up 0.6%

NYSE ELS opened at $61.90 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.03 and a quick ratio of 0.03. The firm’s fifty day moving average price is $63.02 and its 200 day moving average price is $65.02. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 3.32 and a beta of 0.72. Equity Lifestyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The firm had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same period last year, the firm posted $0.59 EPS. On average, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Friday, June 27th. Equity Lifestyle Properties’s payout ratio is currently 106.74%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Barclays assumed coverage on shares of Equity Lifestyle Properties in a report on Thursday, May 29th. They issued an “equal weight” rating and a $70.00 price objective on the stock. Truist Financial reduced their price objective on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $73.90.

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.