Tudor Investment Corp ET AL Trims Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

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

A number of other hedge funds have also modified their holdings of ELS. Vanguard Group Inc. boosted its holdings in Equity LifeStyle Properties by 1.6% in 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 buying an additional 388,888 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Equity LifeStyle Properties by 172.0% in 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 acquiring an additional 3,838,809 shares during the period. JPMorgan Chase & Co. boosted its stake 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 period. Invesco Ltd. raised its stake in Equity LifeStyle Properties by 592.7% during the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock valued at $260,955,000 after purchasing an additional 3,352,584 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Equity LifeStyle Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after purchasing an additional 53,775 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ELS has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Evercore ISI cut their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Truist Financial decreased their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $74.33.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock opened at $64.33 on Friday. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The stock has a 50 day moving average price of $65.64 and a 200-day moving average price of $67.22. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data 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 net margin of 24.05% and a return on equity of 23.12%. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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. Investors of record on Friday, June 27th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 106.74%.

Insiders Place Their Bets

In other news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by 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.

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