Voloridge Investment Management LLC Cuts Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Voloridge Investment Management LLC lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 496,195 shares of the real estate investment trust's stock after selling 42,023 shares during the period. Voloridge Investment Management LLC owned approximately 0.26% of Equity LifeStyle Properties worth $33,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 171 shares during the period. Bessemer Group Inc. grew its holdings in Equity LifeStyle Properties by 121.4% during the fourth 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 period. Carmel Capital Partners LLC grew its holdings in Equity LifeStyle Properties by 3.6% during the fourth 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 period. Corient Private Wealth LLC grew its holdings in Equity LifeStyle Properties by 1.0% during the fourth 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 period. Finally, Quadrant Capital Group LLC grew its holdings in Equity LifeStyle Properties by 7.7% during the fourth 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 period. Institutional investors and hedge funds own 97.21% of the company's stock.

Analysts Set New Price Targets

ELS has been the topic of a number of recent analyst reports. 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 report on Thursday, May 1st. Royal Bank of Canada lowered their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Evercore ISI lowered their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Finally, BMO Capital Markets lowered their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three investment 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. According to data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.33.

Insider Transactions at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS traded up $0.90 on Tuesday, hitting $64.42. The company had a trading volume of 170,065 shares, compared to its average volume of 1,474,817. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60. The business has a 50 day moving average of $64.76 and a 200 day moving average of $66.73. The company has a market cap of $12.32 billion, a PE ratio of 33.05, a PEG ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data 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 23.12% and a net margin of 24.05%. The business had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.20%. Equity LifeStyle Properties's payout ratio is currently 106.74%.

About Equity LifeStyle Properties

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.