M&T Bank Corp Purchases 36,394 Shares of Equity Lifestyle Properties, Inc. $ELS

M&T Bank Corp grew its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 93.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,455 shares of the real estate investment trust's stock after acquiring an additional 36,394 shares during the quarter. M&T Bank Corp's holdings in Equity Lifestyle Properties were worth $4,573,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Equity Lifestyle Properties in the third quarter worth approximately $1,243,000. Fermata Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 471.9% during the 4th quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust's stock worth $2,057,000 after acquiring an additional 28,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Equity Lifestyle Properties by 910.4% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust's stock valued at $6,091,000 after acquiring an additional 90,454 shares during the period. Argosy Lionbridge Management LLC purchased a new position in Equity Lifestyle Properties during the 3rd quarter valued at $3,703,000. Finally, ProShare Advisors LLC grew its position in Equity Lifestyle Properties by 10.8% in the 3rd quarter. ProShare Advisors LLC now owns 586,269 shares of the real estate investment trust's stock valued at $35,587,000 after acquiring an additional 56,913 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the transaction, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. This represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ELS. Barclays reiterated an "overweight" rating and issued a $71.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Thursday, February 5th. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a "sell" rating to a "hold" rating in a report on Saturday, April 11th. Robert W. Baird raised their price target on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Bank of America upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $76.00 price objective for the company in a report on Tuesday, February 3rd. Finally, Zelman & Associates started coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They issued an "underperform" rating and a $59.25 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.63.

Equity Lifestyle Properties Trading Up 0.1%

Shares of NYSE ELS opened at $63.34 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $65.58 and a two-hundred day simple moving average of $63.43. The firm has a market cap of $12.28 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 3.71 and a beta of 0.76. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $69.00.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million during the quarter, compared to analysts' expectations of $395.71 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Equity Lifestyle Properties's quarterly revenue was up 2.7% compared to the same quarter last year. Equity Lifestyle Properties has set its FY 2026 guidance at 3.120-3.220 EPS and its Q2 2026 guidance at 0.690-0.750 EPS. Analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. This is a boost from Equity Lifestyle Properties's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, March 27th. Equity Lifestyle Properties's payout ratio is currently 108.50%.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc NYSE: ELS is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company's portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.