Financial Counselors Inc. Buys Shares of 16,350 Equity Lifestyle Properties, Inc. (NYSE:ELS)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Equity Lifestyle Properties in the fourth quarter valued at $2,374,000. Raymond James Financial Inc. purchased a new stake in Equity Lifestyle Properties in the fourth quarter valued at $6,762,000. Callan Family Office LLC purchased a new stake in Equity Lifestyle Properties in the fourth quarter valued at $268,000. PNC Financial Services Group Inc. lifted its position in Equity Lifestyle Properties by 5.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 18,644 shares of the real estate investment trust's stock valued at $1,242,000 after acquiring an additional 922 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Equity Lifestyle Properties by 51.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 113,007 shares of the real estate investment trust's stock valued at $7,526,000 after acquiring an additional 38,401 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Insider Activity

In other Equity Lifestyle Properties 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 value of $647,200.00. Following the completion of the transaction, the chief financial officer directly owned 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock traded up $0.29 on Wednesday, reaching $62.04. 1,706,307 shares of the stock were exchanged, compared to its average volume of 1,327,218. Equity Lifestyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $63.22 and a two-hundred day moving average price of $65.16. The firm has a market capitalization of $11.86 billion, a PE ratio of 32.15, a PEG ratio of 3.34 and a beta of 0.72.

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. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The business had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same period in the previous year, the business posted $0.59 earnings per share. As a group, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.32%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays assumed 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 for the company. Truist Financial reduced their target price on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st. BMO Capital Markets reduced their target price on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group began 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 for the company. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average price target 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.