Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 362,696 shares of the real estate investment trust's stock after acquiring an additional 23,187 shares during the quarter. TD Asset Management Inc owned 0.19% of Equity Lifestyle Properties worth $24,192,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Neo Ivy Capital Management purchased a new stake in Equity Lifestyle Properties during the 1st quarter worth approximately $964,000. Assetmark Inc. increased its position in shares of Equity Lifestyle Properties by 8.1% in the 1st quarter. Assetmark Inc. now owns 38,570 shares of the real estate investment trust's stock valued at $2,573,000 after purchasing an additional 2,893 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of Equity Lifestyle Properties in the 1st quarter valued at approximately $305,000. Convergence Investment Partners LLC purchased a new stake in shares of Equity Lifestyle Properties in the 1st quarter valued at approximately $409,000. Finally, Venturi Wealth Management LLC increased its position in shares of Equity Lifestyle Properties by 7.0% in the 1st quarter. Venturi Wealth Management LLC now owns 6,634 shares of the real estate investment trust's stock valued at $443,000 after purchasing an additional 436 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the sale, the chief financial officer owned 78,162 shares in the company, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on ELS. Morgan Stanley began coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price objective on the stock. BMO Capital Markets dropped their price objective on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial dropped their price objective on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Finally, Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $70.00 to $67.00 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.50.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock traded up $0.37 during midday trading on Friday, hitting $60.29. 2,200,136 shares of the company's stock were exchanged, compared to its average volume of 1,517,044. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $76.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.03 and a current ratio of 0.04. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 3.13 and a beta of 0.72. The firm's 50 day simple moving average is $62.08 and its 200 day simple moving average is $64.51.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. During the same period last year, the firm posted $0.66 EPS. Equity Lifestyle Properties's revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

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.