45,779 Shares in Equity Lifestyle Properties, Inc. (NYSE:ELS) Purchased by LDR Capital Management LLC

LDR Capital Management LLC purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 45,779 shares of the real estate investment trust's stock, valued at approximately $3,053,000. Equity Lifestyle Properties accounts for about 3.7% of LDR Capital Management LLC's investment portfolio, making the stock its 8th largest position.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in Equity Lifestyle Properties in the fourth quarter valued at approximately $380,000. Van ECK Associates Corp raised its position in Equity Lifestyle Properties by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust's stock valued at $5,477,000 after purchasing an additional 759 shares during the period. Rhumbline Advisers raised its position in Equity Lifestyle Properties by 3.0% in the fourth quarter. Rhumbline Advisers now owns 566,942 shares of the real estate investment trust's stock valued at $37,758,000 after purchasing an additional 16,521 shares during the period. Principal Securities Inc. raised its position in Equity Lifestyle Properties by 142.6% in the fourth quarter. Principal Securities Inc. now owns 1,999 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 1,175 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in shares of Equity Lifestyle Properties by 7.4% during the 4th quarter. Sanctuary Advisors LLC now owns 34,988 shares of the real estate investment trust's stock valued at $2,280,000 after buying an additional 2,410 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 1.2%

Shares of ELS stock opened at $62.53 on Wednesday. The stock has a 50-day simple moving average of $63.77 and a 200 day simple moving average of $65.81. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The stock has a market capitalization of $11.96 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.15 and a beta of 0.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14.

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, meeting the consensus estimate of $0.83. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter last year, the firm posted $0.59 EPS. On average, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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 given a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.29%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. Barclays assumed coverage on shares of Equity Lifestyle Properties in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 target price for the company. BMO Capital Markets lowered their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their price target on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Equity Lifestyle Properties presently has a consensus rating of "Moderate Buy" and an average target price of $73.90.

Insider Activity at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the sale, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

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.

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