Asset Management One Co. Ltd. Boosts Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Asset Management One Co. Ltd. grew its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,524 shares of the real estate investment trust's stock after purchasing an additional 11,954 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.22% of Equity Lifestyle Properties worth $27,649,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter valued at approximately $25,000. Bessemer Group Inc. increased its holdings 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 purchasing an additional 210 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter valued at approximately $73,000. Farther Finance Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 78.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 635 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Equity Lifestyle Properties by 32.9% during the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 459 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties 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 in the company, valued at $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Equity Lifestyle Properties Price Performance

ELS traded down $1.19 on Friday, hitting $61.43. 1,612,649 shares of the company's stock were exchanged, compared to its average volume of 1,316,587. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $63.46 and a 200-day moving average price of $65.43. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 3.31 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts' expectations of $391.34 million. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.35%. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. BMO Capital Markets dropped their price target on shares of 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. Finally, Barclays assumed coverage on shares of Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price target on the stock. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $73.90.

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.