Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 60.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,121 shares of the real estate investment trust's stock after selling 18,654 shares during the quarter. SG Americas Securities LLC's holdings in Equity Lifestyle Properties were worth $808,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ELS. National Pension Service acquired a new position in Equity Lifestyle Properties in the 4th quarter valued at about $25,000. Bessemer Group Inc. grew its position 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 valued at $25,000 after acquiring an additional 210 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Equity Lifestyle Properties in the 4th quarter valued at about $73,000. Farther Finance Advisors LLC grew its position 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 valued at $96,000 after acquiring an additional 635 shares in the last quarter. Finally, Signaturefd LLC grew its position in Equity Lifestyle Properties by 32.9% in the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 459 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. BMO Capital Markets lowered their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Barclays initiated coverage on Equity Lifestyle Properties in a research report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price objective for the company. Finally, Truist Financial lowered their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Four equities 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.90.

Equity Lifestyle Properties Stock Up 2.0%

ELS stock traded up $1.28 during trading on Monday, hitting $64.08. 1,253,098 shares of the company's stock were exchanged, compared to its average volume of 1,325,048. The business has a 50-day moving average price of $63.69 and a two-hundred day moving average price of $65.59. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.20 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. During the same quarter in the previous year, the business earned $0.59 earnings per share. As a group, equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed 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. This represents a $2.06 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, June 27th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Insider Buying and Selling at Equity Lifestyle Properties

In other 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 now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company 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.