Wealth Enhancement Advisory Services LLC Has $924,000 Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,874 shares of the real estate investment trust’s stock after buying an additional 816 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Equity LifeStyle Properties were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of ELS. Vanguard Group Inc. lifted its holdings in shares of Equity LifeStyle Properties by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust’s stock worth $1,668,586,000 after purchasing an additional 388,888 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Equity LifeStyle Properties by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock worth $404,319,000 after purchasing an additional 3,838,809 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equity LifeStyle Properties by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after purchasing an additional 147,332 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Equity LifeStyle Properties by 592.7% in the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust’s stock worth $260,955,000 after purchasing an additional 3,352,584 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Equity LifeStyle Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust’s stock worth $258,536,000 after purchasing an additional 53,775 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Transactions at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the sale, the chief financial officer now directly owns 78,162 shares in the company, valued at $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ELS shares. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 target price on the stock. Barclays initiated coverage on Equity LifeStyle Properties in a report on Thursday, May 29th. They issued an “equal weight” rating and a $70.00 target price on the stock. Truist Financial dropped their price objective 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. Finally, BMO Capital Markets dropped their price objective on Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties has a consensus rating of “Moderate Buy” and a consensus price target of $73.90.

Equity LifeStyle Properties Trading Up 0.2%

NYSE ELS opened at $62.34 on Tuesday. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.02 and a beta of 0.73. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The business’s fifty day moving average is $63.96 and its 200-day moving average is $66.15.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $327.21 million for the quarter, compared to analysts’ expectations of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same period in the previous year, the business posted $0.59 EPS. Equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties’s payout ratio is 106.74%.

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.