4,572 Shares in Equity Lifestyle Properties, Inc. (NYSE:ELS) Acquired by AE Wealth Management LLC

AE Wealth Management LLC acquired a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,572 shares of the real estate investment trust's stock, valued at approximately $305,000.

A number of other hedge funds also recently modified their holdings of ELS. Beese Fulmer Investment Management Inc. grew its stake in shares of Equity Lifestyle Properties by 2.6% during the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after purchasing an additional 200 shares during the period. Xponance Inc. lifted its holdings in Equity Lifestyle Properties by 0.7% during the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock worth $2,077,000 after acquiring an additional 203 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Equity Lifestyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 210 shares in the last quarter. GF Fund Management CO. LTD. lifted its holdings in Equity Lifestyle Properties by 6.8% during the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 218 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Equity Lifestyle Properties by 7.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock worth $217,000 after acquiring an additional 232 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Insider Activity at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction that occurred 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 owned 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company's stock.

Equity Lifestyle Properties Stock Performance

NYSE:ELS traded up $0.37 on Friday, hitting $60.29. The company's stock had a trading volume of 2,200,136 shares, compared to its average volume of 1,759,561. The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $62.02 and a two-hundred day moving average of $64.48. The firm has a market capitalization of $11.68 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60.

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

Equity Lifestyle Properties Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley assumed coverage on Equity Lifestyle Properties in a report on Tuesday, July 15th. They set a "positive" rating and a $67.50 target price on the stock. BMO Capital Markets reduced their target price on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Equity Lifestyle Properties presently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

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.