Bridgefront Capital LLC Sells 5,849 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Bridgefront Capital LLC cut its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 36.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,135 shares of the real estate investment trust's stock after selling 5,849 shares during the quarter. Bridgefront Capital LLC's holdings in Equity LifeStyle Properties were worth $675,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $380,000. Vert Asset Management LLC grew its position in Equity LifeStyle Properties by 9.8% in the 4th quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock worth $5,296,000 after purchasing an additional 7,092 shares during the period. Nordea Investment Management AB raised its stake in Equity LifeStyle Properties by 6.4% during the 4th quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust's stock valued at $1,432,000 after buying an additional 1,301 shares during the last quarter. Lecap Asset Management Ltd. lifted its holdings in shares of Equity LifeStyle Properties by 185.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust's stock valued at $1,657,000 after buying an additional 16,176 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Equity LifeStyle Properties by 0.9% in the 4th quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust's stock worth $5,477,000 after buying an additional 759 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the sale, the chief financial officer now owns 78,162 shares in the company, valued at $5,058,644.64. The trade was a 11.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Equity LifeStyle Properties Price Performance

Shares of ELS traded up $0.60 during mid-day trading on Friday, reaching $64.33. The stock had a trading volume of 942,489 shares, compared to its average volume of 1,306,883. The business has a fifty day moving average of $65.64 and a 200 day moving average of $67.22. 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 has a market cap of $12.30 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.02 and a beta of 0.76. 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 - Get Free Report) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The company had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same quarter in the prior year, the firm posted $0.59 EPS. Equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Analyst Ratings Changes

A number of analysts recently commented on ELS shares. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target for the company. Truist Financial dropped 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. Robert W. Baird boosted 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 report on Tuesday, January 28th. Finally, BMO Capital Markets decreased their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.33.

Equity LifeStyle Properties 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.