KBC Group NV Boosts Stake in Equity Lifestyle Properties, Inc. (NYSE:ELS)

KBC Group NV raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,262 shares of the real estate investment trust's stock after purchasing an additional 4,450 shares during the quarter. KBC Group NV owned 0.08% of Equity Lifestyle Properties worth $9,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. raised its position in Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock valued at $533,000 after purchasing an additional 200 shares during the period. Bessemer Group Inc. increased its position 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 worth $25,000 after acquiring an additional 210 shares during the period. Carmel Capital Partners LLC increased its position in shares of Equity Lifestyle Properties by 3.6% during the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock worth $435,000 after acquiring an additional 230 shares during the period. Corient Private Wealth LLC increased its position in shares of Equity Lifestyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after acquiring an additional 230 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of Equity Lifestyle Properties by 7.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock worth $217,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Insider Buying and Selling at Equity Lifestyle Properties

In other 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 completion of the sale, the chief financial officer directly owned 78,162 shares of the company's stock, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company's stock.

Equity Lifestyle Properties Stock Up 0.8%

NYSE ELS traded up $0.48 during trading on Friday, reaching $62.12. 870,522 shares of the company's stock were exchanged, compared to its average volume of 1,320,719. The stock has a market cap of $11.88 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72. 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 company has a 50 day moving average price of $63.30 and a two-hundred day moving average price of $65.22. 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 announced 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. The company 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 period in the previous year, the business earned $0.59 EPS. On average, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Analysts Set New Price Targets

ELS has been the topic of a number of recent research reports. BMO Capital Markets cut their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. Truist Financial cut their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Barclays initiated coverage on 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

About Equity Lifestyle Properties

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.