Unigestion Holding SA Raises Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Unigestion Holding SA raised its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 106.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,276 shares of the real estate investment trust's stock after purchasing an additional 7,876 shares during the quarter. Unigestion Holding SA's holdings in Equity LifeStyle Properties were worth $1,019,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ELS. National Pension Service bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth $25,000. Bessemer Group Inc. boosted its position in shares of Equity LifeStyle Properties by 121.4% during 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 during the last quarter. SRS Capital Advisors Inc. bought a new stake in Equity LifeStyle Properties in the 4th quarter worth about $73,000. Signaturefd LLC raised its position in Equity LifeStyle Properties by 32.9% in the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock worth $123,000 after buying an additional 459 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Equity LifeStyle Properties by 36.1% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the real estate investment trust's stock worth $125,000 after buying an additional 466 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ELS shares. Truist Financial reduced their price target on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Barclays began coverage on Equity LifeStyle Properties in a report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and an average target price of $73.90.

Equity LifeStyle Properties Trading Down 1.0%

Shares of ELS traded down $0.63 during trading hours on Friday, reaching $62.09. 533,400 shares of the company traded hands, compared to its average volume of 1,321,155. The stock's fifty day moving average price is $64.13 and its 200 day moving average price is $66.33. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 12-month low of $58.86 and a 12-month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting analysts' consensus estimates of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. 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. Sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

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 given a dividend of $0.515 per share. The ex-dividend date is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.32%. Equity LifeStyle Properties's dividend payout ratio is presently 106.74%.

Insider Buying and Selling at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 10,000 shares of the business'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 now owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Equity LifeStyle Properties 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.