Equity LifeStyle Properties, Inc. (NYSE:ELS) Position Increased by Creative Planning

Creative Planning increased its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 37.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,715 shares of the real estate investment trust’s stock after purchasing an additional 1,824 shares during the period. Creative Planning’s holdings in Equity LifeStyle Properties were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Procyon Advisors LLC raised its stake in shares of Equity LifeStyle Properties by 7.9% in the 3rd quarter. Procyon Advisors LLC now owns 3,814 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 278 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Equity LifeStyle Properties by 19.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 11,903 shares of the real estate investment trust’s stock worth $849,000 after buying an additional 1,957 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Equity LifeStyle Properties by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 21,465 shares of the real estate investment trust’s stock worth $1,531,000 after buying an additional 737 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Equity LifeStyle Properties by 220.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,600 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 1,100 shares in the last quarter. Finally, Tobam raised its stake in shares of Equity LifeStyle Properties by 27.3% in the 3rd quarter. Tobam now owns 1,425 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 306 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling at Equity LifeStyle Properties

In other news, CEO Marguerite M. Nader sold 33,000 shares of the 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 transaction, the chief executive officer now owns 260,936 shares of the company’s stock, valued at $19,705,886.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related 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 transaction of $2,492,160.00. Following the sale, the chief executive officer now owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Paul Seavey sold 31,988 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total value of $2,393,662.04. Following the sale, the chief financial officer now directly owns 148,463 shares in the company, valued at $11,109,486.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,808 shares of company stock worth $6,348,011. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

ELS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Robert W. Baird boosted their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Compass Point boosted their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $68.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.40.

Equity LifeStyle Properties Trading Down 2.0 %

Equity LifeStyle Properties stock opened at $68.69 on Thursday. The business has a 50 day moving average price of $70.95 and a two-hundred day moving average price of $67.32. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 3.79 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. During the same period last year, the company earned $0.71 EPS. The company’s revenue was down .4% on a year-over-year basis. As a group, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.9 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $0.477 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.78%. Equity LifeStyle Properties’s payout ratio is 98.45%.

About Equity LifeStyle Properties

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.