Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC reduced its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 293,552 shares of the real estate investment trust's stock after selling 6,991 shares during the quarter. Equity Lifestyle Properties makes up approximately 4.5% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 4th largest position. Hunter Perkins Capital Management LLC owned about 0.15% of Equity Lifestyle Properties worth $19,580,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. QRG Capital Management Inc. lifted its position in Equity Lifestyle Properties by 11.1% in the 1st quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after buying an additional 1,162 shares in the last quarter. Farther Finance Advisors LLC increased its position in Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 635 shares during the last quarter. Dupont Capital Management Corp raised its stake in shares of Equity Lifestyle Properties by 33.8% during the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after purchasing an additional 36,655 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Equity Lifestyle Properties during the 4th quarter valued at about $659,000. Finally, Vert Asset Management LLC grew its stake in shares of Equity Lifestyle Properties by 6.6% in the 1st quarter. Vert Asset Management LLC now owns 84,780 shares of the real estate investment trust's stock valued at $5,655,000 after buying an additional 5,264 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction 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 now directly owns 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 Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ELS has been the topic of several recent research reports. Barclays began coverage on shares of Equity Lifestyle Properties in a research report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price objective on the stock. Truist Financial dropped 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 note 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 for the company in a research note 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 price objective for the company. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

Equity Lifestyle Properties Stock Performance

NYSE ELS traded up $0.21 during trading on Monday, hitting $61.67. The company's stock had a trading volume of 766,086 shares, compared to its average volume of 1,316,773. Equity Lifestyle Properties, Inc. has a 52 week low of $58.86 and a 52 week high of $76.60. The firm has a market cap of $11.79 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 3.31 and a beta of 0.73. The firm has a 50 day moving average price of $63.46 and a 200 day moving average price of $65.41. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.83. The business had revenue of $327.21 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.59 earnings per share. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, June 27th. Equity Lifestyle Properties's payout ratio is presently 106.74%.

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.