Bayforest Capital Ltd Has $1.29 Million Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Bayforest Capital Ltd increased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 810.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,284 shares of the real estate investment trust's stock after buying an additional 17,167 shares during the period. Equity Lifestyle Properties accounts for about 0.6% of Bayforest Capital Ltd's investment portfolio, making the stock its 11th biggest holding. Bayforest Capital Ltd's holdings in Equity Lifestyle Properties were worth $1,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bessemer Group Inc. grew 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 valued at $25,000 after purchasing an additional 210 shares during the period. Farther Finance Advisors LLC grew its holdings 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 valued at $96,000 after purchasing an additional 635 shares during the period. Blue Trust Inc. grew its holdings in Equity Lifestyle Properties by 351.6% during the first quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after purchasing an additional 1,452 shares during the period. UMB Bank n.a. grew its holdings in Equity Lifestyle Properties by 137.5% during the first quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock valued at $142,000 after purchasing an additional 1,235 shares during the period. Finally, Greenleaf Trust acquired a new position in Equity Lifestyle Properties during the first quarter valued at approximately $200,000. 97.21% of the stock is owned by institutional investors.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the sale, the chief financial officer directly owned 78,162 shares in the company, valued at $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Equity Lifestyle Properties Stock Performance

Shares of ELS traded up $0.37 during trading hours on Friday, hitting $60.29. The company had a trading volume of 2,200,136 shares, compared to its average volume of 1,517,044. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 3.13 and a beta of 0.72. The business has a fifty day moving average of $62.08 and a 200-day moving average of $64.51. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

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

Equity Lifestyle Properties Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on ELS shares. Morgan Stanley started coverage on shares of Equity Lifestyle Properties in a report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective for the company. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Tuesday, July 22nd. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $70.00 to $67.00 in a report on Tuesday. Finally, Wells Fargo & Company reduced their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.50.

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.