Unigestion Holding SA Has $1.02 Million Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Unigestion Holding SA grew its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 106.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,276 shares of the real estate investment trust's stock after acquiring 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. Beese Fulmer Investment Management Inc. raised its holdings in Equity LifeStyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock valued at $533,000 after buying an additional 200 shares during the period. Bessemer Group Inc. increased its position 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 worth $25,000 after acquiring an additional 210 shares in the last quarter. Carmel Capital Partners LLC increased its holdings in Equity LifeStyle Properties by 3.6% in the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 230 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock valued at $1,523,000 after buying an additional 230 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Equity LifeStyle Properties by 7.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock valued at $217,000 after buying an additional 232 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Truist Financial decreased 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 report on Thursday, May 1st. Barclays began coverage on Equity LifeStyle Properties in a report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 target price on the stock. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Finally, BMO Capital Markets lowered 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. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.90.

Equity LifeStyle Properties Price Performance

Shares of ELS traded down $0.45 during mid-day trading on Friday, reaching $62.27. The company had a trading volume of 978,205 shares, compared to its average volume of 1,327,516. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company's 50-day moving average is $64.05 and its 200-day moving average is $66.24. The company has a market capitalization of $11.91 billion, a P/E ratio of 31.93, a P/E/G ratio of 3.02 and a beta of 0.73.

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 analysts' consensus estimates of $0.83. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same period last year, the company posted $0.59 earnings per share. On average, equities analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Insider Buying and Selling

In other news, CFO Paul Seavey sold 10,000 shares of the 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 sale, the chief financial officer now owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.

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.