Azzad Asset Management Inc. ADV Buys 478 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Azzad Asset Management Inc. ADV increased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,385 shares of the real estate investment trust’s stock after buying an additional 478 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Equity LifeStyle Properties were worth $1,026,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. National Pension Service acquired a new position in Equity LifeStyle Properties during the fourth quarter worth $25,000. Bessemer Group Inc. boosted its stake in shares of Equity LifeStyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 210 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth about $73,000. Farther Finance Advisors LLC grew its holdings in shares of Equity LifeStyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 635 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Equity LifeStyle Properties by 32.9% during the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 459 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

ELS stock opened at $62.26 on Friday. The company has a 50 day moving average price of $63.80 and a 200 day moving average price of $65.94. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The stock has a market capitalization of $11.90 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The company had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. Analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued 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 3.31%. Equity LifeStyle Properties’s dividend payout ratio is currently 106.74%.

Analysts Set New Price Targets

ELS has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on shares of 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. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 target price on the stock. BMO Capital Markets decreased their price target 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. Finally, Barclays began coverage on Equity LifeStyle Properties in a research report on Thursday, May 29th. They issued an “equal weight” rating and a $70.00 price objective for the company. Four equities research 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. Based on data from MarketBeat.com, Equity LifeStyle Properties has an average rating of “Moderate Buy” and a consensus target price of $73.90.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

About Equity LifeStyle Properties

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.