Jane Street Group LLC Sells 215,604 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Jane Street Group LLC lessened its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 92.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,094 shares of the real estate investment trust's stock after selling 215,604 shares during the quarter. Jane Street Group LLC's holdings in Equity LifeStyle Properties were worth $1,138,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ELS. National Pension Service acquired a new position in shares of Equity LifeStyle Properties during the 4th quarter worth about $25,000. Bessemer Group Inc. lifted its position in shares of Equity LifeStyle Properties by 121.4% during the 4th 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. Geneos Wealth Management Inc. acquired a new position in shares of Equity LifeStyle Properties during the 4th quarter worth about $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 171 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 364 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ELS. BMO Capital Markets lowered their price objective on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial lowered their price objective on 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. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Royal Bank of Canada lowered their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird upped their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.33.

Equity LifeStyle Properties Price Performance

NYSE ELS traded up $0.83 on Tuesday, hitting $64.35. 1,359,808 shares of the company were exchanged, compared to its average volume of 1,303,390. The firm has a 50 day moving average of $64.68 and a two-hundred day moving average of $66.71. The company has a market cap of $12.30 billion, a P/E ratio of 33.00, a P/E/G ratio of 3.02 and a beta of 0.76. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60.

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 the consensus estimate of $0.83. The business had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same quarter in the prior year, the company earned $0.59 EPS. On average, equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given 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 3.20%. Equity LifeStyle Properties's payout ratio is 106.74%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the 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 transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

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.