S Bank Fund Management Ltd Purchases Shares of 17,101 Equity Lifestyle Properties, Inc. $ELS

Key Points

• S Bank Fund Management Ltd acquired a new stake of 17,101 shares in Equity Lifestyle Properties (NYSE: ELS) during Q4, valued at about $1.036 million.
• Equity Lifestyle reported quarterly EPS of $0.56 vs. consensus $0.84 (a miss) with revenue of $397.62M, and analysts hold a consensus rating of "Moderate Buy" with an average target of $69.48.
• The company declared a quarterly dividend of $0.5425 (annualized $2.17, yield ~3.5%) and has a payout ratio of 108.5%; the dividend is payable July 10 with record date June 26.

S Bank Fund Management Ltd acquired a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,101 shares of the real estate investment trust's stock, valued at approximately $1,036,000.

Other institutional investors have also recently modified their holdings of the company. Wiser Advisor Group LLC purchased a new position in Equity Lifestyle Properties during the 3rd quarter worth approximately $25,000. GoalVest Advisory LLC acquired a new position in Equity Lifestyle Properties during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its position in Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 453 shares during the period. Fulcrum Asset Management LLP purchased a new stake in Equity Lifestyle Properties in the third quarter valued at $34,000. Finally, Bessemer Group Inc. boosted its holdings in Equity Lifestyle Properties by 126.9% in the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 321 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the company's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the completion of the transaction, the director directly owned 14,890 shares in the company, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company's stock.

Equity Lifestyle Properties Stock Performance

NYSE ELS opened at $62.51 on Wednesday. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 3.81 and a beta of 0.69. The stock has a 50-day moving average of $65.09 and a 200 day moving average of $63.44. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. 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 quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). The business had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. Sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 EPS 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 10th. Investors of record on Friday, June 26th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties's payout ratio is presently 108.50%.

Wall Street Analyst Weigh In

ELS has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Bank of America raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a "hold" rating to a "buy" rating and set a $72.00 price target for the company in a research report on Wednesday, April 15th. Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the company a "hold" rating in a report on Tuesday. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $70.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average target price of $69.48.

About Equity Lifestyle Properties

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.

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