Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by NBC Securities Inc.

NBC Securities Inc. raised its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 115,450.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,622 shares of the real estate investment trust's stock after buying 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 quarter.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Equity LifeStyle Properties by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after acquiring an additional 147,332 shares during the last quarter. abrdn plc raised its position in Equity LifeStyle Properties by 21.8% in the fourth quarter. abrdn plc now owns 100,823 shares of the real estate investment trust's stock valued at $6,660,000 after purchasing an additional 18,027 shares during the period. Retirement Systems of Alabama lifted its stake in Equity LifeStyle Properties by 2.0% during the fourth quarter. Retirement Systems of Alabama now owns 294,599 shares of the real estate investment trust's stock worth $19,620,000 after purchasing an additional 5,723 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Equity LifeStyle Properties by 2.4% during the fourth quarter. State of Alaska Department of Revenue now owns 134,327 shares of the real estate investment trust's stock worth $8,944,000 after purchasing an additional 3,096 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Equity LifeStyle Properties by 5.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 573,410 shares of the real estate investment trust's stock worth $38,189,000 after buying an additional 27,115 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Up 1.3%

Shares of NYSE:ELS traded up $0.80 during trading hours on Tuesday, reaching $63.13. The stock had a trading volume of 1,362,939 shares, compared to its average volume of 1,328,341. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60. The firm's 50 day moving average is $63.86 and its 200-day moving average is $66.13. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 32.38, a P/E/G ratio of 3.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting analysts' consensus estimates of $0.83. The company had revenue of $327.21 million for the quarter, compared to analysts' expectations of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same period last year, the firm earned $0.59 earnings per share. Research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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 3.26%. Equity LifeStyle Properties's dividend payout ratio is currently 106.74%.

Insider Buying and Selling at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets decreased their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Barclays started coverage on shares of Equity LifeStyle Properties in a research note on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price target on the stock. Jefferies Financial Group began 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. Finally, Truist Financial cut their target price on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

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.