Janus Henderson Group PLC Raises Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Janus Henderson Group PLC raised its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,235,629 shares of the real estate investment trust's stock after acquiring an additional 13,779 shares during the quarter. Janus Henderson Group PLC owned approximately 0.65% of Equity LifeStyle Properties worth $82,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Pension Service purchased a new position in Equity LifeStyle Properties in the fourth quarter valued at about $25,000. Bessemer Group Inc. increased its holdings 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 acquiring an additional 210 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $30,000. Board of the Pension Protection Fund purchased a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 171 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equity LifeStyle Properties 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 transaction of $647,200.00. Following the transaction, the chief financial officer now owns 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on ELS shares. Evercore ISI cut their price target on shares of 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. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. 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 research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada cut their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Three 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. Based on data from MarketBeat.com, Equity LifeStyle Properties has an average rating of "Moderate Buy" and an average price target of $74.33.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock traded up $1.07 on Friday, hitting $64.89. The company had a trading volume of 858,769 shares, compared to its average volume of 1,303,462. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $12.41 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The company has a 50-day moving average price of $65.22 and a 200-day moving average price of $67.04.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts' expectations of $391.34 million. During the same period last year, the business earned $0.59 earnings per share. As a group, equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

About Equity LifeStyle Properties

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.