Crown Advisors Management Inc. Cuts Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)


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Crown Advisors Management Inc. decreased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,000 shares of the real estate investment trust’s stock after selling 15,000 shares during the quarter. Crown Advisors Management Inc.’s holdings in Equity LifeStyle Properties were worth $2,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the company. Hexagon Capital Partners LLC bought a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at about $41,000. Arkadios Wealth Advisors lifted its position in Equity LifeStyle Properties by 44.2% during the third quarter. Arkadios Wealth Advisors now owns 741 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 227 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in Equity LifeStyle Properties in the fourth quarter valued at $51,000. Marshall Wace North America L.P. acquired a new position in shares of Equity LifeStyle Properties in the 1st quarter valued at about $69,000. Finally, O Shaughnessy Asset Management LLC raised its position in Equity LifeStyle Properties by 9.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,269 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 203 shares in the last quarter. 91.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ELS traded up $1.09 during midday trading on Tuesday, reaching $62.70. The company had a trading volume of 8,615 shares, compared to its average volume of 878,391. Equity LifeStyle Properties, Inc. has a 1-year low of $41.97 and a 1-year high of $77.48. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $61.86 and a 200-day simple moving average of $62.57. The stock has a market cap of $11.43 billion, a PE ratio of 52.22, a price-to-earnings-growth ratio of 4.60 and a beta of 0.46.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Sunday, January 24th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.21). Equity LifeStyle Properties had a net margin of 20.27% and a return on equity of 16.66%. The firm had revenue of $271.90 million during the quarter, compared to analysts’ expectations of $267.99 million. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.14 earnings per share for the current fiscal year.

ELS has been the subject of several recent analyst reports. Robert W. Baird assumed coverage on Equity LifeStyle Properties in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $67.00 price target for the company. BMO Capital Markets lifted their price target on Equity LifeStyle Properties from $66.00 to $67.00 in a research note on Monday, February 1st. Smith Barney Citigroup raised Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Zacks Investment Research cut shares of Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research report on Monday, February 1st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $68.17.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of October 19, 2020, we own or have an interest in 415 quality properties in 33 states and British Columbia consisting of 157,690 sites.

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Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

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