Financial Counselors Inc. Makes New $1.09 Million Investment in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Financial Counselors Inc. bought a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,350 shares of the real estate investment trust's stock, valued at approximately $1,091,000.

Several other institutional investors have also added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. boosted its holdings in Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after purchasing an additional 200 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Equity Lifestyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 210 shares during the last quarter. GF Fund Management CO. LTD. boosted its holdings in Equity Lifestyle Properties by 6.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 218 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Equity Lifestyle Properties by 1.0% in 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 purchasing an additional 230 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Equity Lifestyle Properties by 7.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock worth $217,000 after purchasing an additional 232 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

ELS stock traded down $0.02 during trading on Thursday, reaching $62.02. The company's stock had a trading volume of 200,523 shares, compared to its average volume of 1,457,826. Equity Lifestyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $11.86 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 3.33 and a beta of 0.72. The company's fifty day moving average is $63.17 and its 200-day moving average is $65.13.

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, hitting analysts' consensus estimates of $0.83. The business had revenue of $327.21 million during the quarter, compared to analyst estimates 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. On average, research analysts expect 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 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 yield of 3.32%. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports 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 target price on the stock. BMO Capital Markets decreased their price target 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 decreased 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 research report on Thursday, May 1st. 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 target on the stock. 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 stock. According to data from MarketBeat, Equity Lifestyle Properties currently has an average rating of "Moderate Buy" and an average price target of $73.90.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties 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 value of $647,200.00. Following the sale, the chief financial officer directly owned 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

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.