Tudor Investment Corp ET AL Sells 53,695 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Tudor Investment Corp ET AL lessened its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 93.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,767 shares of the real estate investment trust's stock after selling 53,695 shares during the period. Tudor Investment Corp ET AL's holdings in Equity LifeStyle Properties were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Equity LifeStyle Properties by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after acquiring an additional 388,888 shares during the last quarter. Principal Financial Group Inc. grew its holdings 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 worth $404,319,000 after buying an additional 3,838,809 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 147,332 shares during the last quarter. Invesco Ltd. raised 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 valued at $260,955,000 after buying an additional 3,352,584 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Equity LifeStyle Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after buying an additional 53,775 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

ELS has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. BMO Capital Markets dropped their price target on shares of 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. Truist Financial reduced their price objective on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, Evercore ISI lowered their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $74.33.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction dated 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 directly owns 78,162 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Stock Performance

ELS stock traded up $1.03 during mid-day trading on Thursday, hitting $63.45. 179,690 shares of the company were exchanged, compared to its average volume of 1,306,960. The stock has a market capitalization of $12.13 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. 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 business has a 50 day simple moving average of $65.32 and a 200-day simple moving average of $67.07.

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 (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 analyst estimates of $391.34 million. During the same period last year, the company earned $0.59 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.25%. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 106.74%.

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.