Man Group plc Buys Shares of 5,375 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Man Group plc purchased a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,375 shares of the real estate investment trust's stock, valued at approximately $358,000.

Other large investors have also added to or reduced their stakes in the company. National Pension Service bought a new stake in Equity LifeStyle Properties in the 4th quarter worth $25,000. Bessemer Group Inc. boosted its stake 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 valued at $25,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $30,000. SRS Capital Advisors Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $73,000. Finally, Blue Trust Inc. boosted its stake in shares of Equity LifeStyle Properties by 36.1% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the real estate investment trust's stock valued at $125,000 after purchasing an additional 466 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ELS shares. Truist Financial cut their target price on shares of 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. BMO Capital Markets cut their target price 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. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. Finally, Barclays started coverage on shares of Equity LifeStyle Properties in a research note on Thursday. They set an "equal weight" rating and a $70.00 target price on the stock. Four research 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's stock. According to MarketBeat.com, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and an average target price of $73.90.

Equity LifeStyle Properties Stock Up 1.0%

Equity LifeStyle Properties stock traded up $0.66 during trading hours on Friday, hitting $63.61. The stock had a trading volume of 1,872,190 shares, compared to its average volume of 1,323,527. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $12.16 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 12-month low of $58.86 and a 12-month high of $76.60. The stock's 50-day moving average price is $64.40 and its 200-day moving average price is $66.52.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $0.59 earnings per share. Equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.24%. Equity LifeStyle Properties's payout ratio is 106.74%.

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.