Strategic Global Advisors LLC Invests $1.34 Million in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Strategic Global Advisors LLC acquired a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,050 shares of the real estate investment trust's stock, valued at approximately $1,335,000.

Several other institutional investors and hedge funds have also bought and sold shares of ELS. JPMorgan Chase & Co. lifted its position in Equity LifeStyle Properties by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after purchasing an additional 147,332 shares during the period. Park Avenue Securities LLC acquired a new position in Equity LifeStyle Properties during the fourth quarter worth about $237,000. Ritholtz Wealth Management acquired a new position in Equity LifeStyle Properties during the fourth quarter worth about $484,000. Avanza Fonder AB acquired a new position in Equity LifeStyle Properties during the fourth quarter worth about $917,000. Finally, UMB Bank n.a. raised its stake in Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 364 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 firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the sale, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. BMO Capital Markets lowered their target price on 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. 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. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Robert W. Baird raised their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reduced their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $74.33.

Equity LifeStyle Properties Stock Down 1.9%

NYSE:ELS traded down $1.25 during trading hours on Wednesday, hitting $64.09. 1,401,003 shares of the company traded hands, compared to its average volume of 1,300,375. 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 firm's 50-day simple moving average is $65.06 and its 200-day simple moving average is $66.91. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The company has a market cap of $12.25 billion, a PE ratio of 32.87, a PEG ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $391.34 million. During the same period last year, the business earned $0.59 EPS. Equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio is presently 106.74%.

Equity LifeStyle Properties Company 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.