Bayforest Capital Ltd Buys 17,167 Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its stake in Equity Lifestyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after buying an additional 635 shares in the last quarter. Blue Trust Inc. grew its stake in Equity Lifestyle Properties by 351.6% in the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after buying an additional 1,452 shares in the last quarter. UMB Bank n.a. grew its stake in Equity Lifestyle Properties by 137.5% in the 1st quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock worth $142,000 after buying an additional 1,235 shares in the last quarter. Finally, Greenleaf Trust purchased a new position in Equity Lifestyle Properties in the 1st quarter worth approximately $200,000. Institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ELS. Wells Fargo & Company cut their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Truist Financial cut their price objective on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday. Royal Bank Of Canada cut their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday. Finally, BMO Capital Markets lowered their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

Equity Lifestyle Properties Trading Up 0.6%

NYSE ELS traded up $0.37 during trading on Friday, hitting $60.29. The company had a trading volume of 2,200,136 shares, compared to its average volume of 1,759,561. The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 0.24. The company's fifty day moving average is $62.02 and its 200-day moving average is $64.48. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The company had revenue of $313.29 million during 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%. Equity Lifestyle Properties's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. On average, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Insider Activity

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm's 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by 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.