Jefferies Financial Group Inc. Decreases Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Jefferies Financial Group Inc. lessened its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,620 shares of the real estate investment trust's stock after selling 24,610 shares during the period. Jefferies Financial Group Inc.'s holdings in Equity LifeStyle Properties were worth $5,103,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings 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 acquiring an additional 210 shares during the last quarter. Carmel Capital Partners LLC grew its holdings in Equity LifeStyle Properties by 3.6% in the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock worth $435,000 after acquiring an additional 230 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Equity LifeStyle Properties by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after acquiring an additional 230 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Equity LifeStyle Properties by 7.7% in the 4th quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock worth $217,000 after acquiring an additional 232 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Equity LifeStyle Properties by 2.1% in the 4th quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock worth $762,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Up 1.0%

NYSE:ELS traded up $0.66 during mid-day trading on Friday, hitting $63.61. 1,872,190 shares of the company's stock were exchanged, compared to its average volume of 1,323,813. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The business has a fifty day moving average price of $64.40 and a 200 day moving average price of $66.56. The company has a market cap of $12.16 billion, a PE ratio of 32.62, a P/E/G ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The business had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's payout ratio is currently 106.74%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ELS. BMO Capital Markets cut 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. Barclays initiated coverage on shares of Equity LifeStyle Properties in a research note on Thursday. They set an "equal weight" rating and a $70.00 target price on the stock. 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. Finally, Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and an average price target of $73.90.

Insider Buying and Selling

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction dated 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 transaction, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders.

Equity LifeStyle Properties Company 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.