Vident Advisory LLC Acquires 4,362 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vident Advisory LLC raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,782 shares of the real estate investment trust's stock after purchasing an additional 4,362 shares during the period. Vident Advisory LLC's holdings in Equity LifeStyle Properties were worth $1,517,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. National Pension Service bought a new stake in Equity LifeStyle Properties during the fourth quarter valued at $25,000. Bessemer Group Inc. grew its holdings in Equity LifeStyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties in the fourth quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its stake in Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 171 shares during the period. Finally, UMB Bank n.a. lifted its position in Equity LifeStyle Properties by 68.2% in the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 364 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ELS has been the subject of several research reports. Truist Financial reduced their price objective 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. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Royal Bank of Canada lowered their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, BMO Capital Markets reduced their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Three equities research 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 stock. According to data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.33.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock traded up $0.98 during mid-day trading on Tuesday, reaching $64.50. The stock had a trading volume of 588,602 shares, compared to its average volume of 1,479,036. The firm has a market cap of $12.33 billion, a PE ratio of 33.08, a P/E/G ratio of 3.02 and a beta of 0.76. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The firm's 50 day simple moving average is $64.76 and its 200 day simple moving average is $66.73.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data 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 return on equity of 23.12% and a net margin of 24.05%. The company had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same period in the previous year, the business earned $0.59 earnings per share. On average, analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.19%. Equity LifeStyle Properties's dividend payout ratio is 106.74%.

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.