NBC Securities Inc. Increases Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

NBC Securities Inc. grew its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 115,450.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,622 shares of the real estate investment trust's stock after acquiring an additional 4,618 shares during the quarter. NBC Securities Inc.'s holdings in Equity LifeStyle Properties were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Aurora Investment Managers LLC. increased its stake in Equity LifeStyle Properties by 1.8% in the 1st quarter. Aurora Investment Managers LLC. now owns 53,080 shares of the real estate investment trust's stock worth $3,540,000 after buying an additional 943 shares during the period. Beese Fulmer Investment Management Inc. increased its stake in Equity LifeStyle Properties by 2.6% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after buying an additional 200 shares during the period. GAMMA Investing LLC increased its stake in Equity LifeStyle Properties by 6,967.3% in the 1st quarter. GAMMA Investing LLC now owns 124,596 shares of the real estate investment trust's stock worth $8,311,000 after buying an additional 122,833 shares during the period. Wellington Management Group LLP increased its stake in Equity LifeStyle Properties by 5.9% in the 4th quarter. Wellington Management Group LLP now owns 12,054 shares of the real estate investment trust's stock worth $803,000 after buying an additional 673 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Equity LifeStyle Properties by 15.7% during the 4th quarter. California State Teachers Retirement System now owns 272,969 shares of the real estate investment trust's stock worth $18,180,000 after acquiring an additional 37,057 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Down 0.7%

NYSE ELS traded down $0.45 on Friday, hitting $62.27. 978,205 shares of the stock were exchanged, compared to its average volume of 1,327,516. 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 50-day moving average price of $64.05 and a 200-day moving average price of $66.21. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $11.91 billion, a PE ratio of 31.93, a PEG ratio of 3.02 and a beta of 0.73.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, meeting analysts' consensus estimates of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The company had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same period in the prior year, the firm posted $0.59 EPS. Sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.31%. Equity LifeStyle Properties's dividend payout ratio is currently 106.74%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ELS shares. Barclays started coverage on shares of Equity LifeStyle Properties in a report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 target price on the stock. BMO Capital Markets lowered 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 report on Tuesday, April 22nd. 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 target on the stock. Finally, Truist Financial lowered 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. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.90.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now directly owns 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 document filed with the SEC, which is available at 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.