SeaCrest Wealth Management LLC Purchases Shares of 378 Equity LifeStyle Properties, Inc. (NYSE:ELS)

SeaCrest Wealth Management LLC purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 378 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Equity LifeStyle Properties by 13.6% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,788 shares of the real estate investment trust’s stock valued at $2,874,000 after buying an additional 4,895 shares in the last quarter. Pendal Group Ltd bought a new position in Equity LifeStyle Properties in the second quarter valued at approximately $345,000. Versor Investments LP lifted its stake in Equity LifeStyle Properties by 37.5% in the first quarter. Versor Investments LP now owns 7,031 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 1,918 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Equity LifeStyle Properties by 4.4% in the first quarter. Neuberger Berman Group LLC now owns 935,719 shares of the real estate investment trust’s stock worth $71,562,000 after purchasing an additional 39,628 shares in the last quarter. Finally, Capital Square LLC lifted its position in shares of Equity LifeStyle Properties by 29.6% in the first quarter. Capital Square LLC now owns 16,998 shares of the real estate investment trust’s stock worth $1,300,000 after purchasing an additional 3,881 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ELS shares. Truist Financial cut their price objective on shares of Equity LifeStyle Properties from $77.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 14th. Evercore ISI cut their price objective on shares of Equity LifeStyle Properties from $71.00 to $70.00 in a research report on Tuesday, September 27th. StockNews.com started coverage on shares of Equity LifeStyle Properties in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock. Robert W. Baird cut their price objective on shares of Equity LifeStyle Properties from $76.00 to $68.00 in a research report on Tuesday, October 25th. Finally, Royal Bank of Canada lowered their target price on shares of Equity LifeStyle Properties from $71.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $64.53 on Thursday. Equity LifeStyle Properties, Inc. has a 1-year low of $56.91 and a 1-year high of $88.70. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 4.72 and a beta of 0.62. The company’s fifty day simple moving average is $63.39 and its 200 day simple moving average is $69.37. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.39.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last released its quarterly earnings data on Tuesday, October 18th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Equity LifeStyle Properties had a net margin of 19.36% and a return on equity of 18.30%. The company had revenue of $381.00 million during the quarter, compared to analyst estimates of $375.16 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Equity LifeStyle Properties’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.66 earnings per share for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.54%. Equity LifeStyle Properties’s dividend payout ratio is currently 109.33%.

Equity LifeStyle Properties Company Profile

(Get Rating)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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

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