KBC Group NV Grows Holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS)

KBC Group NV increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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.

Several other hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. raised its position in 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 buying an additional 210 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Equity Lifestyle Properties during the fourth quarter worth about $73,000. Farther Finance Advisors LLC raised its holdings in 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 worth $96,000 after purchasing an additional 635 shares in the last quarter. Signaturefd LLC lifted its position in Equity Lifestyle Properties by 32.9% in the fourth quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 459 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Equity Lifestyle Properties by 351.6% in the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after purchasing an additional 1,452 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $647,200.00. Following the sale, the chief financial officer owned 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ELS has been the subject of a number of analyst reports. Barclays assumed coverage on Equity Lifestyle Properties in a research note on Thursday, May 29th. They set an "equal weight" rating and a $70.00 target price for the company. Truist Financial dropped their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. BMO Capital Markets reduced their target price 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, Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $73.90.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock traded up $0.48 during trading hours on Friday, hitting $62.12. The stock had a trading volume of 870,522 shares, compared to its average volume of 1,317,959. Equity Lifestyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 3.32 and a beta of 0.72. The stock's fifty day moving average is $63.32 and its two-hundred day moving average is $65.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.03 and a quick ratio of 0.03.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, meeting analysts' consensus estimates of $0.83. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The firm had revenue of $327.21 million for the quarter, compared to analysts' expectations of $391.34 million. During the same period in the prior year, the company earned $0.59 EPS. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.32%. Equity Lifestyle Properties's dividend payout ratio 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.