Captrust Financial Advisors Has $447,000 Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Captrust Financial Advisors grew its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 38.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,707 shares of the real estate investment trust’s stock after purchasing an additional 1,850 shares during the quarter. Captrust Financial Advisors’ holdings in Equity LifeStyle Properties were worth $447,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the last quarter. Bessemer Group Inc. grew its position in Equity LifeStyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 210 shares during the period. Carmel Capital Partners LLC grew its position in Equity LifeStyle Properties by 3.6% during the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 230 shares during the period. Corient Private Wealth LLC increased its holdings in Equity LifeStyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock worth $1,523,000 after buying an additional 230 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Equity LifeStyle Properties by 7.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Activity

In related news, CFO Paul Seavey sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the sale, the chief financial officer now directly owns 78,162 shares of the company’s stock, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS opened at $65.37 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The stock has a market cap of $12.50 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The stock has a fifty day moving average of $65.13 and a 200-day moving average of $66.94.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting 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 business had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the firm earned $0.59 EPS. Equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.15%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 106.74%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Truist Financial lowered their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Evercore ISI dropped their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Finally, 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 price objective for the company. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.33.

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.