BNP Paribas Financial Markets Sells 68,586 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

BNP Paribas Financial Markets trimmed its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,712 shares of the real estate investment trust's stock after selling 68,586 shares during the period. BNP Paribas Financial Markets owned 0.06% of Equity LifeStyle Properties worth $7,840,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $25,000. Bessemer Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after buying an additional 171 shares during the period. 97.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. Royal Bank of Canada cut their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. Truist Financial cut their target price on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and a consensus target price of $74.33.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded up $1.34 during mid-day trading on Thursday, reaching $63.76. The company's stock had a trading volume of 929,243 shares, compared to its average volume of 1,309,888. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The company has a market cap of $12.19 billion, a P/E ratio of 32.70, a PEG ratio of 3.02 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The firm's 50-day moving average is $65.32 and its two-hundred day moving average is $67.07.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.83. The business had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same quarter last year, the company posted $0.59 EPS. On average, research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio is currently 106.74%.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the sale, the chief financial officer now owns 78,162 shares of the company's stock, valued at $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

About Equity LifeStyle Properties

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.