SG Americas Securities LLC Sells 18,654 Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS)

SG Americas Securities LLC decreased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 60.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,121 shares of the real estate investment trust's stock after selling 18,654 shares during the period. SG Americas Securities LLC's holdings in Equity Lifestyle Properties were worth $808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Equity Lifestyle Properties in the fourth quarter worth about $380,000. Principal Securities Inc. lifted its position in shares of Equity Lifestyle Properties by 142.6% in the fourth quarter. Principal Securities Inc. now owns 1,999 shares of the real estate investment trust's stock worth $133,000 after buying an additional 1,175 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Equity Lifestyle Properties by 7.4% in the fourth quarter. Sanctuary Advisors LLC now owns 34,988 shares of the real estate investment trust's stock worth $2,280,000 after buying an additional 2,410 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Equity Lifestyle Properties by 13.6% in the fourth quarter. CIBC Asset Management Inc now owns 7,488 shares of the real estate investment trust's stock worth $499,000 after buying an additional 897 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Equity Lifestyle Properties by 30.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,639 shares of the real estate investment trust's stock worth $2,906,000 after buying an additional 10,300 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of analyst reports. Barclays initiated coverage on Equity Lifestyle Properties in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price target for the company. BMO Capital Markets reduced their price target 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. Truist Financial dropped their price objective on 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 began coverage on Equity Lifestyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.90.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock traded down $0.27 during trading on Friday, reaching $62.80. The company's stock had a trading volume of 1,672,270 shares, compared to its average volume of 1,327,159. 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 0.14, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.21 and a beta of 0.73. The business's fifty day moving average price is $63.71 and its 200-day moving average price is $65.69.

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

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 dividend yield of 3.28%. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the company'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 sale, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

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.