Jane Street Group LLC Has $1.14 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Jane Street Group LLC lowered its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 92.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ELS. Caisse DE Depot ET Placement DU Quebec increased its position in Equity LifeStyle Properties by 16.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 94,294 shares of the real estate investment trust's stock worth $6,280,000 after buying an additional 13,000 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at about $565,000. Kapitalo Investimentos Ltda acquired a new stake in Equity LifeStyle Properties during the fourth quarter worth about $342,000. Adelante Capital Management LLC increased its stake in Equity LifeStyle Properties by 142.1% during the fourth quarter. Adelante Capital Management LLC now owns 429,028 shares of the real estate investment trust's stock valued at $28,573,000 after acquiring an additional 251,786 shares during the period. Finally, Utah Retirement Systems increased its stake in Equity LifeStyle Properties by 1.1% during the fourth quarter. Utah Retirement Systems now owns 65,424 shares of the real estate investment trust's stock valued at $4,357,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective for the company. Royal Bank of Canada cut their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. 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 note on Tuesday, April 22nd. Evercore ISI lowered their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Finally, Truist Financial dropped their price objective on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Three 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 stock. According to data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Stock Down 1.9%

Shares of NYSE:ELS opened at $64.09 on Thursday. The company has a market capitalization of $12.25 billion, a PE ratio of 32.87, a P/E/G ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 52 week low of $58.86 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company's fifty day moving average is $65.06 and its 200-day moving average is $66.91.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting analysts' consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The company had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Equities research analysts predict 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 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 is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a yield of 3.21%. Equity LifeStyle Properties's payout ratio is 106.74%.

Insider Activity at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the sale, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at $5,058,644.64. The trade was 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 at this link. 1.40% of the stock is owned by company insiders.

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.

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