ProShare Advisors LLC Sells 8,321 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

ProShare Advisors LLC decreased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 483,927 shares of the real estate investment trust's stock after selling 8,321 shares during the quarter. ProShare Advisors LLC owned 0.25% of Equity LifeStyle Properties worth $32,230,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Equity LifeStyle Properties by 1.6% during 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 during the last quarter. Principal Financial Group Inc. grew its stake in shares of Equity LifeStyle Properties by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after buying an additional 3,838,809 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Equity LifeStyle Properties by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after buying an additional 147,332 shares during the period. Invesco Ltd. lifted its holdings in Equity LifeStyle Properties by 592.7% in the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after buying an additional 3,352,584 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Equity LifeStyle Properties by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock valued at $258,536,000 after purchasing an additional 53,775 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

ELS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Robert W. Baird increased their target price 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. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target for the company. BMO Capital Markets lowered their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced 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. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.33.

Equity LifeStyle Properties Stock Performance

ELS traded down $0.03 during trading hours on Tuesday, hitting $65.33. The company's stock had a trading volume of 881,727 shares, compared to its average volume of 1,298,597. The company has a 50-day simple moving average of $65.13 and a 200 day simple moving average of $66.94. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $12.49 billion, a PE ratio of 33.50, a PEG ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting 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 business had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid 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 3.15%. Equity LifeStyle Properties's payout ratio is presently 106.74%.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction that occurred on 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 owns 78,162 shares in the company, valued at $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

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.