Lecap Asset Management Ltd. Increases Stock Holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Lecap Asset Management Ltd. increased its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 71.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,538 shares of the real estate investment trust's stock after buying an additional 17,656 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Equity Lifestyle Properties were worth $2,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Securities Inc. lifted its holdings in shares of Equity Lifestyle Properties by 142.6% in the 4th quarter. Principal Securities Inc. now owns 1,999 shares of the real estate investment trust's stock worth $133,000 after acquiring an additional 1,175 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Equity Lifestyle Properties by 30.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,639 shares of the real estate investment trust's stock worth $2,906,000 after purchasing an additional 10,300 shares during the period. Pring Turner Capital Group Inc. lifted its stake in Equity Lifestyle Properties by 6.5% in the fourth quarter. Pring Turner Capital Group Inc. now owns 68,942 shares of the real estate investment trust's stock worth $4,592,000 after purchasing an additional 4,208 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Equity Lifestyle Properties by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,792,125 shares of the real estate investment trust's stock worth $119,356,000 after purchasing an additional 124,499 shares during the last quarter. Finally, Amalgamated Bank boosted its position in shares of Equity Lifestyle Properties by 2.0% during the fourth quarter. Amalgamated Bank now owns 90,604 shares of the real estate investment trust's stock valued at $6,034,000 after buying an additional 1,802 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ELS. BMO Capital Markets reduced their price target on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. 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 target price on the stock. Barclays began coverage on shares of 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. Finally, Truist Financial cut 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 report on Thursday, May 1st. Four 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $73.90.

Insider Transactions at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now owns 78,162 shares of the company's stock, valued at $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

Equity Lifestyle Properties Stock Up 0.4%

Equity Lifestyle Properties stock traded up $0.23 during midday trading on Thursday, hitting $62.63. 1,135,309 shares of the company's stock were exchanged, compared to its average volume of 1,323,650. 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 market cap of $11.97 billion, a PE ratio of 32.45, a P/E/G ratio of 3.23 and a beta of 0.73. The firm has a 50-day moving average of $63.60 and a two-hundred day moving average of $65.56. Equity Lifestyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.83. The firm 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 23.99% and a return on equity of 21.99%. During the same period last year, the firm earned $0.59 earnings per share. As a group, analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, June 27th. Equity Lifestyle Properties's payout ratio is 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.