B&I Capital AG Reduces Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

B&I Capital AG lowered its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,942 shares of the real estate investment trust's stock after selling 5,838 shares during the period. Equity Lifestyle Properties accounts for about 2.3% of B&I Capital AG's holdings, making the stock its 19th biggest position. B&I Capital AG owned approximately 0.06% of Equity Lifestyle Properties worth $7,200,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Invesco Ltd. lifted its position in shares of Equity Lifestyle Properties by 592.7% during the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after buying an additional 3,352,584 shares in the last quarter. Norges Bank bought a new position in shares of Equity Lifestyle Properties during the 4th quarter worth approximately $163,212,000. Northern Trust Corp lifted its position in shares of Equity Lifestyle Properties by 43.3% during the 4th quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock worth $162,162,000 after buying an additional 735,580 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after purchasing an additional 699,877 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Equity Lifestyle Properties by 221.2% in the 4th quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock worth $64,961,000 after purchasing an additional 671,703 shares during the period. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

ELS traded down $0.09 during midday trading on Friday, hitting $59.82. 573,799 shares of the company traded hands, compared to its average volume of 1,483,446. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $11.44 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 3.28 and a beta of 0.72. The company's 50-day moving average is $62.61 and its 200 day moving average is $64.72. Equity Lifestyle Properties, Inc. has a 52 week low of $58.86 and a 52 week high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. On average, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, June 27th. Equity Lifestyle Properties's payout ratio is currently 106.74%.

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 transaction, the chief financial officer directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets reduced 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 research note on Tuesday, April 22nd. Royal Bank Of Canada lowered their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Barclays initiated coverage on shares of Equity Lifestyle Properties in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 target price on the stock. Truist Financial cut 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 report on Thursday, May 1st. Finally, Wells Fargo & Company cut their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and an average price target of $72.05.

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.