Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 563,681 shares of the real estate investment trust's stock after selling 9,729 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.29% of Equity Lifestyle Properties worth $37,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of 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 purchasing an additional 210 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in Equity Lifestyle Properties in the 4th quarter valued at about $73,000. Farther Finance Advisors LLC lifted its position in Equity Lifestyle Properties by 78.7% in the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 635 shares during the last quarter. Signaturefd LLC boosted its stake in Equity Lifestyle Properties by 32.9% during the fourth quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock worth $123,000 after buying an additional 459 shares during the period. Finally, Blue Trust Inc. boosted its stake in Equity Lifestyle Properties by 351.6% during the first quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after buying an additional 1,452 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ELS shares. Jefferies Financial Group started 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 on the stock. Barclays started coverage on Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price objective for the company. Truist Financial decreased their target price 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, BMO Capital Markets lowered their target price on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Four 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 data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

Equity Lifestyle Properties Stock Up 0.8%

Shares of ELS stock traded up $0.48 on Friday, reaching $62.12. 870,522 shares of the stock were exchanged, compared to its average volume of 1,320,719. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 3.35 and a beta of 0.72. The business's 50 day moving average price is $63.30 and its 200 day moving average price is $65.21. 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, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released 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. The business had revenue of $327.21 million for the quarter, compared to the consensus estimate 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 prior year, the business posted $0.59 EPS. As a group, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, June 27th. Equity Lifestyle Properties's payout ratio is 106.74%.

Insider Activity

In related news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the sale, the chief financial officer directly owned 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.