Bank of New York Mellon Corp Has $116.08 Million Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Bank of New York Mellon Corp trimmed its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,740,292 shares of the real estate investment trust's stock after selling 51,833 shares during the period. Bank of New York Mellon Corp owned 0.91% of Equity Lifestyle Properties worth $116,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after acquiring an additional 278,193 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Equity Lifestyle Properties by 11.1% during the 1st quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock valued at $774,000 after acquiring an additional 1,162 shares in the last quarter. Farther Finance Advisors LLC grew 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 acquiring an additional 635 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in Equity Lifestyle Properties by 33.8% in the first quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after purchasing an additional 36,655 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Equity Lifestyle Properties by 3.2% in the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock worth $9,689,000 after purchasing an additional 4,450 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

Shares of ELS traded down $0.33 during trading hours on Friday, reaching $61.49. 1,137,782 shares of the company traded hands, compared to its average volume of 1,327,558. Equity Lifestyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The stock has a market cap of $11.76 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.33 and a beta of 0.72. The stock's fifty day moving average is $63.02 and its 200 day moving average is $65.05. 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.83. The business had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. During the same period in the prior year, the firm posted $0.59 EPS. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction 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 directly owned 78,162 shares in the company, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.