Equity LifeStyle Properties, Inc. (NYSE:ELS) Holdings Cut by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,620 shares of the real estate investment trust's stock after selling 24,610 shares during the period. Jefferies Financial Group Inc.'s holdings in Equity LifeStyle Properties were worth $5,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. National Pension Service acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $25,000. Bessemer Group Inc. grew its holdings in shares of 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 acquiring an additional 210 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial lowered their price target on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Robert W. Baird increased 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. 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 report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, Evercore ISI lowered their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Trading Up 1.7%

ELS stock traded up $1.07 during trading on Friday, reaching $64.89. 858,769 shares of the stock traded hands, compared to its average volume of 1,303,462. The business's 50 day moving average price is $65.22 and its 200-day moving average price is $67.04. Equity LifeStyle Properties, Inc. has a 52-week low of $58.86 and a 52-week 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 firm has a market capitalization of $12.41 billion, a PE 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 posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) 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 firm had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. As a group, sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders 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 yield of 3.17%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Insider Activity at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the business'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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

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.