Handelsbanken Fonder AB Purchases 6,800 Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS)

Handelsbanken Fonder AB boosted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,918 shares of the real estate investment trust's stock after purchasing an additional 6,800 shares during the quarter. Handelsbanken Fonder AB's holdings in Equity Lifestyle Properties were worth $3,330,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. National Pension Service bought a new stake in shares of Equity Lifestyle Properties during the fourth quarter valued at approximately $25,000. Bessemer Group Inc. increased its holdings in shares of 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 valued at $25,000 after acquiring an additional 210 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Equity Lifestyle Properties during the fourth quarter valued at approximately $73,000. Farther Finance Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 635 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Equity Lifestyle Properties by 32.9% during the fourth quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 459 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the sale, the chief financial officer now directly owns 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 hyperlink. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ELS. Truist Financial decreased their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group assumed coverage on Equity Lifestyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target for the company. BMO Capital Markets decreased their price target on 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, Barclays assumed coverage on Equity Lifestyle Properties in a report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price target for the company. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Equity Lifestyle Properties presently has a consensus rating of "Moderate Buy" and an average price target of $73.90.

Equity Lifestyle Properties Stock Performance

NYSE:ELS traded up $0.73 during trading on Tuesday, reaching $62.53. The company's stock had a trading volume of 1,383,797 shares, compared to its average volume of 1,328,694. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 3.15 and a beta of 0.73. 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 firm has a 50 day moving average of $63.77 and a 200-day moving average of $65.81. Equity Lifestyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.83. The firm had revenue of $327.21 million during 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 quarter in the prior year, the company earned $0.59 EPS. Research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.29%. The ex-dividend date is Friday, June 27th. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 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.