Resolution Capital Ltd Sells 101,990 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Resolution Capital Ltd lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,026,935 shares of the real estate investment trust's stock after selling 101,990 shares during the quarter. Equity LifeStyle Properties comprises 2.4% of Resolution Capital Ltd's portfolio, making the stock its 14th biggest holding. Resolution Capital Ltd owned 1.06% of Equity LifeStyle Properties worth $134,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted 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 purchasing an additional 3,838,809 shares during the period. Invesco Ltd. raised its holdings in shares of 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 last quarter. Norges Bank acquired a new position in Equity LifeStyle Properties in the 4th quarter worth approximately $163,212,000. Northern Trust Corp lifted its holdings in shares of Equity LifeStyle Properties by 43.3% in the 4th quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock valued at $162,162,000 after buying an additional 735,580 shares during the period. Finally, Millennium Management LLC grew its position in Equity LifeStyle Properties by 221.2% during the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock valued at $64,961,000 after buying an additional 671,703 shares during the period. 97.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 value of $647,200.00. Following the completion of the transaction, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Stock Down 0.0%

Equity LifeStyle Properties stock traded down $0.01 during trading on Tuesday, reaching $65.35. 341,759 shares of the company's stock were exchanged, compared to its average volume of 1,496,528. The company's 50-day moving average is $65.13 and its two-hundred day moving average is $66.94. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 3.02 and a beta of 0.76. 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 quick ratio of 0.03 and a current ratio of 0.02.

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 the consensus estimate of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The business had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same period in the prior year, the firm earned $0.59 earnings per share. On average, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The firm 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 is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.15%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial cut their price objective on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Robert W. Baird boosted their price target 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 reduced their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Finally, BMO Capital Markets decreased their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.33.

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.