Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,563 shares of the real estate investment trust's stock after selling 6,130 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Equity Lifestyle Properties were worth $3,573,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Bessemer Group Inc. boosted its stake in shares of Equity Lifestyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 210 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of Equity Lifestyle Properties during the 4th quarter worth approximately $73,000. Farther Finance Advisors LLC grew its holdings in Equity Lifestyle Properties by 78.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 635 shares during the last quarter. Signaturefd LLC grew its holdings in 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 buying an additional 459 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Equity Lifestyle Properties by 351.6% during the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after buying an additional 1,452 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Down 0.2%

Shares of Equity Lifestyle Properties stock traded down $0.10 during trading hours on Monday, hitting $62.02. 2,011,501 shares of the company's stock traded hands, compared to its average volume of 1,323,482. The stock has a 50 day simple moving average of $63.26 and a 200-day simple moving average of $65.18. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14. The company has a market cap of $11.86 billion, a PE ratio of 32.13, a PEG ratio of 3.35 and a beta of 0.72. Equity Lifestyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results 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. The company had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. During the same period last year, the firm earned $0.59 earnings per share. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid 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 3.32%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Insider Buying and Selling

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 78,162 shares in the company, valued at $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BMO Capital Markets reduced their price target on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Barclays began coverage on Equity Lifestyle Properties in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 target price on the stock. Jefferies Financial Group began coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Finally, Truist Financial cut their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

About Equity Lifestyle Properties

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.