Massachusetts Financial Services Co. MA Has $154.58 Million Stock Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Massachusetts Financial Services Co. MA trimmed its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,317,494 shares of the real estate investment trust's stock after selling 883,583 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.21% of Equity Lifestyle Properties worth $154,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of 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 worth $25,000 after purchasing an additional 210 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Equity Lifestyle Properties by 78.7% in the 1st 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 raised its holdings in shares of Equity Lifestyle Properties by 32.9% in the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 459 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 worth $124,000 after purchasing an additional 1,452 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Equity Lifestyle Properties by 137.5% in the 1st quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,235 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ELS. Jefferies Financial Group began coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Truist Financial decreased their target price on shares of 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. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 target price for the company. Barclays assumed coverage on shares of Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price objective for the company. Finally, BMO Capital Markets reduced their price objective on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of "Moderate Buy" and a consensus target price of $73.32.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock traded up $0.24 on Friday, hitting $61.99. The company's stock had a trading volume of 1,046,192 shares, compared to its average volume of 1,341,445. The company has a fifty day moving average price of $62.77 and a 200-day moving average price of $64.86. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14. Equity Lifestyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The firm has a market cap of $11.85 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 3.34 and a beta of 0.72.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The business had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were 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 was Friday, June 27th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the transaction, the chief financial officer directly owned 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

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.