Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 83.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,904 shares of the real estate investment trust's stock after selling 249,837 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Equity LifeStyle Properties were worth $3,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 buying an additional 171 shares during the period. Bessemer Group Inc. boosted its stake in Equity LifeStyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 210 shares during the period. Carmel Capital Partners LLC increased its holdings in Equity LifeStyle Properties by 3.6% during the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock worth $435,000 after purchasing an additional 230 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Equity LifeStyle Properties by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock valued at $1,523,000 after purchasing an additional 230 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Equity LifeStyle Properties by 7.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 232 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective 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. Evercore ISI reduced their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. 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 report on Tuesday, April 22nd. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, 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 opened at $65.68 on Friday. The firm has a market cap of $12.55 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60. 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 business's 50 day moving average price is $66.05 and its two-hundred day moving average price is $67.38.

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, meeting analysts' consensus estimates of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The firm had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same period last year, the firm earned $0.59 earnings per share. On average, equities analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 106.74%.

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.

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