Caisse DE Depot ET Placement DU Quebec lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 16.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,294 shares of the real estate investment trust's stock after purchasing an additional 13,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Equity LifeStyle Properties were worth $6,280,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of ELS. MassMutual Private Wealth & Trust FSB lifted its position in 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 acquiring an additional 171 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of 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 worth $25,000 after purchasing an additional 210 shares during the period. Carmel Capital Partners LLC lifted its position in shares of 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 during the last quarter. Corient Private Wealth LLC lifted its position in shares of Equity LifeStyle Properties by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after purchasing an additional 230 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Equity LifeStyle Properties by 7.7% during the 4th 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 during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.
Equity LifeStyle Properties Price Performance
Shares of ELS traded up $0.62 during trading hours on Friday, hitting $64.35. The stock had a trading volume of 330,702 shares, compared to its average volume of 1,301,914. Equity LifeStyle Properties, Inc. has a 52 week low of $58.86 and a 52 week high of $76.60. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 3.02 and a beta of 0.76. The company's fifty day moving average is $65.72 and its two-hundred day moving average is $67.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $327.21 million during the quarter, compared to analyst estimates 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 business posted $0.59 earnings per share. On average, analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.
Equity LifeStyle Properties Announces Dividend
The firm 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. The ex-dividend date is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. Equity LifeStyle Properties's dividend payout ratio is 106.74%.
Insider Buying and Selling
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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have recently commented on ELS. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of 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. Robert W. Baird raised their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Evercore ISI reduced their target price 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. Finally, Royal Bank of Canada lowered their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.33.
View Our Latest Analysis on ELS
Equity LifeStyle Properties Profile
(
Free Report)
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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