2,142,985 Shares in Equity Lifestyle Properties, Inc. (NYSE:ELS) Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired a total of 2,142,985 shares in Equity Lifestyle Properties, valued at approximately $142 million, representing about 1.12% ownership as of the latest SEC disclosure.
• Recently, various analysts have provided mixed ratings on Equity Lifestyle Properties, with one firm lowering their rating to "sell", while others set price targets ranging from $68.00 to $77.00.
• The company has declared a quarterly dividend of $0.515 payable on October 10th, representing an annualized yield of 3.4%, but has a concerning dividend payout ratio of 106.74%.

Nuveen LLC bought a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,142,985 shares of the real estate investment trust's stock, valued at approximately $142,937,000. Nuveen LLC owned approximately 1.12% of Equity Lifestyle Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ELS. Bessemer Group Inc. boosted its position 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 valued at $25,000 after acquiring an additional 210 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after buying an additional 635 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Equity Lifestyle Properties by 351.6% during the first quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after buying an additional 1,452 shares during the last quarter. Headlands Technologies LLC acquired a new position in Equity Lifestyle Properties during the first quarter valued at approximately $141,000. Finally, UMB Bank n.a. boosted its holdings in shares of Equity Lifestyle Properties by 137.5% in the first quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 1,235 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Trading Up 0.6%

ELS stock traded up $0.37 during midday trading on Friday, reaching $60.66. The company's stock had a trading volume of 1,219,570 shares, compared to its average volume of 1,966,618. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The stock has a market cap of $11.76 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The business's 50-day simple moving average is $61.54 and its 200-day simple moving average is $64.08.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. Equity Lifestyle Properties's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.4%. Equity Lifestyle Properties's payout ratio is presently 106.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ELS shares. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. BMO Capital Markets lowered their target price 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. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wells Fargo & Company decreased their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada cut their price objective on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

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.