Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,235,629 shares of the real estate investment trust's stock after purchasing an additional 13,779 shares during the period. Janus Henderson Group PLC owned about 0.65% of Equity LifeStyle Properties worth $82,259,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at $380,000. Vert Asset Management LLC grew its holdings in Equity LifeStyle Properties by 9.8% in the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock valued at $5,296,000 after purchasing an additional 7,092 shares during the last quarter. Nordea Investment Management AB grew its holdings in Equity LifeStyle Properties by 6.4% in the fourth quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust's stock valued at $1,432,000 after purchasing an additional 1,301 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in Equity LifeStyle Properties by 185.8% in the fourth quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust's stock valued at $1,657,000 after purchasing an additional 16,176 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Equity LifeStyle Properties by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust's stock valued at $5,477,000 after purchasing an additional 759 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 owns 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Trading Up 1.7%

NYSE:ELS traded up $1.07 during mid-day trading on Friday, reaching $64.89. The company's stock had a trading volume of 858,769 shares, compared to its average volume of 1,303,123. The company's fifty day simple moving average is $65.16 and its two-hundred day simple moving average is $66.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The stock has a market cap of $12.41 billion, a P/E ratio of 33.27, a P/E/G ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same period last year, the company earned $0.59 EPS. On average, equities 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 disclosed 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. The ex-dividend date is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.17%. Equity LifeStyle Properties's dividend payout ratio (DPR) is 106.74%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ELS. Robert W. Baird upped their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price objective for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. Evercore ISI decreased their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Finally, BMO Capital Markets decreased their price objective on 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. Three equities 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.33.

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.