16,350 Shares in Equity Lifestyle Properties, Inc. (NYSE:ELS) Bought by Financial Counselors Inc.

Financial Counselors Inc. acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,350 shares of the real estate investment trust's stock, valued at approximately $1,091,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. IFM Investors Pty Ltd boosted its holdings in shares of Equity Lifestyle Properties by 1.7% during the 1st quarter. IFM Investors Pty Ltd now owns 78,826 shares of the real estate investment trust's stock valued at $5,623,000 after purchasing an additional 1,321 shares during the last quarter. GF Fund Management CO. LTD. raised its position in shares of Equity Lifestyle Properties by 6.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock valued at $229,000 after buying an additional 218 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Equity Lifestyle Properties by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after buying an additional 278,193 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Equity Lifestyle Properties by 93.0% during the 1st quarter. Teacher Retirement System of Texas now owns 32,432 shares of the real estate investment trust's stock valued at $2,163,000 after buying an additional 15,632 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of Equity Lifestyle Properties by 0.4% during the 1st quarter. New York State Teachers Retirement System now owns 134,668 shares of the real estate investment trust's stock valued at $8,982,000 after buying an additional 600 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Down 0.5%

ELS traded down $0.33 during trading on Friday, hitting $61.49. The stock had a trading volume of 1,137,782 shares, compared to its average volume of 1,463,621. The company has a market capitalization of $11.76 billion, a PE ratio of 31.86, a PEG ratio of 3.35 and a beta of 0.72. Equity Lifestyle Properties, Inc. has a twelve month low of $58.86 and a twelve month 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 stock has a 50 day simple moving average of $63.11 and a two-hundred day simple moving average of $65.10.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. During the same period last year, the firm earned $0.59 earnings per share. On average, 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 declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Insider Activity

In related news, CFO Paul Seavey sold 10,000 shares of the firm's 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 completion of the transaction, the chief financial officer owned 78,162 shares of the company's stock, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ELS. Truist Financial decreased their target price on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets reduced 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. Jefferies Financial Group initiated coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Finally, Barclays initiated coverage on shares of Equity Lifestyle Properties in a research 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, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.90.

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.