Vanguard Group Inc. Sells 150,504 Shares of Equity Lifestyle Properties, Inc. $ELS

Vanguard Group Inc. trimmed its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000,647 shares of the real estate investment trust’s stock after selling 150,504 shares during the quarter. Vanguard Group Inc. owned approximately 12.90% of Equity Lifestyle Properties worth $1,541,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ELS. CWM LLC boosted its position in Equity Lifestyle Properties by 57.8% during the 1st quarter. CWM LLC now owns 3,209 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 1,175 shares during the period. Oak Thistle LLC acquired a new position in Equity Lifestyle Properties in the 1st quarter valued at approximately $250,000. AE Wealth Management LLC bought a new position in shares of Equity Lifestyle Properties during the first quarter valued at $305,000. Assetmark Inc. raised its stake in shares of Equity Lifestyle Properties by 8.1% during the first quarter. Assetmark Inc. now owns 38,570 shares of the real estate investment trust’s stock valued at $2,573,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Equity Lifestyle Properties during the first quarter worth $964,000. 97.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ELS. Barclays upgraded Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Evercore ISI reduced their target price on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Finally, Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.14.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock opened at $63.05 on Friday. The business has a 50-day simple moving average of $61.47 and a 200 day simple moving average of $61.70. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $72.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.04. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm had revenue of $393.31 million during the quarter, compared to analysts’ expectations of $389.39 million. During the same quarter last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 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, January 9th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, December 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is presently 103.52%.

Equity Lifestyle Properties Profile

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.