Man Group plc bought a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,375 shares of the real estate investment trust's stock, valued at approximately $358,000.
A number of other institutional investors have also made changes to their positions in ELS. National Pension Service bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $25,000. Bessemer Group Inc. boosted its stake in Equity LifeStyle Properties by 121.4% in 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 during the period. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $30,000. SRS Capital Advisors Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at $73,000. Finally, Signaturefd LLC lifted its position in shares of Equity LifeStyle Properties by 32.9% during the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 459 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently weighed in on ELS. BMO Capital Markets cut their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Barclays began coverage on Equity LifeStyle Properties in a research report on Thursday. They set an "equal weight" rating and a $70.00 target price for the company. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price for the company. Finally, Truist Financial cut their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $73.90.
Check Out Our Latest Report on Equity LifeStyle Properties
Equity LifeStyle Properties Price Performance
ELS traded up $0.49 on Friday, reaching $63.44. The stock had a trading volume of 765,161 shares, compared to its average volume of 1,318,004. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The firm has a 50-day moving average of $64.47 and a 200-day moving average of $66.62. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76.
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 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 business had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.
Equity LifeStyle Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a yield of 3.25%. Equity LifeStyle Properties's payout ratio is presently 106.74%.
Insiders Place Their Bets
In other news, CFO Paul Seavey sold 10,000 shares of the 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 now owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.
Equity LifeStyle Properties Profile
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Free Report)
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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