Westwood Holdings Group Inc. raised its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 185,168 shares of the real estate investment trust's stock after acquiring an additional 14,642 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.10% of Equity LifeStyle Properties worth $12,332,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Equity LifeStyle Properties by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after purchasing an additional 388,888 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Equity LifeStyle Properties by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after purchasing an additional 3,838,809 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Equity LifeStyle Properties by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after purchasing an additional 147,332 shares in the last quarter. Invesco Ltd. boosted its position in shares of Equity LifeStyle Properties by 592.7% in the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after purchasing an additional 3,352,584 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Equity LifeStyle Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after purchasing an additional 53,775 shares in the last quarter. 97.21% of the stock is owned by institutional investors.
Equity LifeStyle Properties Stock Up 0.2%
NYSE ELS traded up $0.14 during mid-day trading on Friday, reaching $63.53. The stock had a trading volume of 809,465 shares, compared to its average volume of 1,303,163. The stock has a market cap of $12.15 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. 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 has a fifty day moving average price of $64.86 and a 200 day moving average price of $66.81. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year 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 analysts' consensus estimates of $0.83. The business had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same period in the previous year, the business earned $0.59 EPS. On average, research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.
Equity LifeStyle Properties Announces Dividend
The business also recently announced 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 dividend on an annualized basis and a yield of 3.24%. Equity LifeStyle Properties's dividend payout ratio is presently 106.74%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on ELS shares. Royal Bank of Canada dropped their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Truist Financial dropped their price target 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. Robert W. Baird boosted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Evercore ISI decreased their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Finally, BMO Capital Markets decreased their price objective on shares of 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 research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $74.33.
Check Out Our Latest Stock Analysis on Equity LifeStyle Properties
Insider Buying and Selling 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 on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the sale, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.
Equity LifeStyle Properties Company Profile
(
Free Report)
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.
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