Asset Management One Co. Ltd. Has $27.65 Million Stock Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Asset Management One Co. Ltd. grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 414,524 shares of the real estate investment trust's stock after acquiring an additional 11,954 shares during the period. Asset Management One Co. Ltd. owned about 0.22% of Equity Lifestyle Properties worth $27,649,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. National Pension Service acquired a new stake in shares of Equity Lifestyle Properties in the fourth quarter valued at approximately $25,000. Bessemer Group Inc. boosted its position 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 acquiring an additional 210 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of Equity Lifestyle Properties during the 4th quarter valued at $73,000. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 635 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Equity Lifestyle Properties by 32.9% in the fourth quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 459 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

Shares of ELS stock traded down $1.20 during mid-day trading on Wednesday, hitting $62.33. 979,163 shares of the stock traded hands, compared to its average volume of 1,469,361. The company's 50-day simple moving average is $63.65 and its 200-day simple moving average is $65.58. Equity Lifestyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 3.26 and a beta of 0.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.03 and a current ratio of 0.03.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting analysts' consensus estimates of $0.83. The firm had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. During the same period last year, the firm posted $0.59 earnings per share. As a group, equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.30%. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ELS. Truist Financial decreased their target price on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group started coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Barclays assumed coverage on shares of Equity Lifestyle Properties in a report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 target price on the stock. Finally, BMO Capital Markets cut their price target 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. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $73.90.

Insider Activity

In related news, CFO Paul Seavey sold 10,000 shares of the business'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 completion of the sale, the chief financial officer now owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

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.