Equity Lifestyle Properties, Inc. $ELS Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 523,729 shares of the real estate investment trust’s stock after selling 62,540 shares during the quarter. ProShare Advisors LLC’s holdings in Equity Lifestyle Properties were worth $31,743,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in shares of Equity Lifestyle Properties by 29.4% in the 4th quarter. HighTower Advisors LLC now owns 16,306 shares of the real estate investment trust’s stock valued at $988,000 after buying an additional 3,701 shares during the period. Gamco Investors INC. ET AL grew its holdings in Equity Lifestyle Properties by 10.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 5,213 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 514 shares during the period. North Dakota State Investment Board purchased a new position in Equity Lifestyle Properties in the fourth quarter worth $408,000. iA Global Asset Management Inc. raised its position in Equity Lifestyle Properties by 68.5% in the fourth quarter. iA Global Asset Management Inc. now owns 9,197 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 3,738 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in Equity Lifestyle Properties in the fourth quarter valued at $212,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 0.2%

Shares of ELS stock opened at $62.99 on Thursday. The stock has a market cap of $12.22 billion, a P/E ratio of 31.49, a P/E/G ratio of 3.83 and a beta of 0.69. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $69.00. The business has a fifty day simple moving average of $63.98 and a 200-day simple moving average of $63.52.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The business had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same period in the previous year, the company posted $0.57 earnings per share. Equity Lifestyle Properties’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 108.50%.

Insider Activity

In related news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on ELS shares. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, April 15th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $70.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. Barclays decreased their price objective on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Robert W. Baird upped their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial set a $67.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Equity Lifestyle Properties has an average rating of “Moderate Buy” and an average target price of $69.27.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.