Tredje AP fonden Sells 435 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Tredje AP fonden reduced its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 28,149 shares of the real estate investment trust’s stock after selling 435 shares during the period. Tredje AP fonden’s holdings in Equity LifeStyle Properties were worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Cim LLC bought a new position in Equity LifeStyle Properties during the fourth quarter worth $2,586,000. Centersquare Investment Management LLC increased its holdings in shares of Equity LifeStyle Properties by 22.9% during the 1st quarter. Centersquare Investment Management LLC now owns 123,030 shares of the real estate investment trust’s stock worth $7,417,000 after purchasing an additional 22,900 shares during the period. GAMMA Investing LLC raised its position in shares of Equity LifeStyle Properties by 36.0% during the second quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 217 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Equity LifeStyle Properties by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust’s stock valued at $21,952,000 after buying an additional 12,444 shares during the period. Finally, UBS Group AG grew its position in Equity LifeStyle Properties by 1,029.9% during the fourth quarter. UBS Group AG now owns 243,770 shares of the real estate investment trust’s stock worth $17,196,000 after buying an additional 222,196 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equity LifeStyle Properties

In other news, CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the sale, the chief executive officer now directly owns 260,936 shares in the company, valued at $19,705,886.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Marguerite M. Nader sold 33,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,808 shares of company stock worth $6,348,011. 1.40% of the stock is currently owned by insiders.

Equity LifeStyle Properties Stock Down 2.4 %

Shares of NYSE:ELS opened at $71.81 on Friday. The company’s fifty day moving average is $70.95 and its 200-day moving average is $66.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a market capitalization of $13.39 billion, a PE ratio of 39.24, a P/E/G ratio of 4.32 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). The firm had revenue of $380.00 million during the quarter, compared to analyst estimates of $334.53 million. Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. Equity LifeStyle Properties’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. Equities research analysts predict that Equity LifeStyle Properties, Inc. will post 2.91 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.4775 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.66%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, September 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 104.37%.

Analysts Set New Price Targets

Several research firms have commented on ELS. Truist Financial upped their price target on Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $68.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Evercore ISI boosted their price target on shares of Equity LifeStyle Properties from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.50 to $82.00 in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.67.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.