Equity Lifestyle Properties, Inc. (NYSE:ELS) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 15.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,330,066 shares of the real estate investment trust's stock after purchasing an additional 699,877 shares during the period. Victory Capital Management Inc. owned approximately 2.79% of Equity Lifestyle Properties worth $355,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ELS. Proficio Capital Partners LLC acquired a new stake in shares of Equity Lifestyle Properties during the fourth quarter valued at approximately $2,374,000. Raymond James Financial Inc. acquired a new stake in shares of Equity Lifestyle Properties in the fourth quarter worth $6,762,000. HighTower Advisors LLC raised its position in Equity Lifestyle Properties by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock valued at $762,000 after buying an additional 238 shares during the period. Avantax Advisory Services Inc. purchased a new stake in Equity Lifestyle Properties in the 4th quarter worth about $774,000. Finally, Natixis Advisors LLC grew its stake in Equity Lifestyle Properties by 10.3% during the 4th quarter. Natixis Advisors LLC now owns 29,427 shares of the real estate investment trust's stock valued at $1,960,000 after acquiring an additional 2,751 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Insiders Place Their Bets

In other Equity Lifestyle Properties 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 completion of the transaction, the chief financial officer owned 78,162 shares of the company's stock, valued at $5,058,644.64. This represents a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on ELS. BMO Capital Markets lowered their price objective on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lowered their price target on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Morgan Stanley began coverage on Equity Lifestyle Properties in a research report on Tuesday. They set a "positive" rating and a $67.50 price objective for the company. Jefferies Financial Group initiated coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Barclays started coverage on Equity Lifestyle Properties in a report on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $73.32.

Equity Lifestyle Properties Stock Down 1.3%

ELS stock opened at $61.11 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.03 and a quick ratio of 0.03. The company has a 50-day moving average of $62.91 and a two-hundred day moving average of $64.96. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 3.34 and a beta of 0.72. Equity Lifestyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60.

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 EPS for the quarter, hitting the consensus estimate of $0.83. The company 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 period in the previous year, the business posted $0.59 EPS. As a group, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, June 27th. Equity Lifestyle Properties's payout ratio is presently 106.74%.

Equity Lifestyle Properties 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.

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