Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,712 shares of the real estate investment trust's stock after selling 68,586 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Equity LifeStyle Properties worth $7,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. National Pension Service purchased a new position in shares of Equity LifeStyle Properties in the fourth quarter worth about $25,000. Bessemer Group Inc. grew its holdings in Equity LifeStyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Equity LifeStyle Properties by 43.5% in the fourth 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. Institutional investors own 97.21% of the company's stock.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

ELS has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Evercore ISI lowered their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Truist Financial lowered their price target on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, BMO Capital Markets lowered their price target on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Trading Up 1.7%

NYSE ELS traded up $1.07 on Friday, reaching $64.89. 858,769 shares of the company were exchanged, compared to its average volume of 1,303,123. The business's fifty day moving average price is $65.16 and its 200 day moving average price is $66.99. The stock has a market capitalization of $12.41 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting analysts' consensus estimates of $0.83. The company had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same quarter in the previous year, the company posted $0.59 earnings per share. Analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

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.