Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 60.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,121 shares of the real estate investment trust’s stock after selling 18,654 shares during the period. SG Americas Securities LLC’s holdings in Equity Lifestyle Properties were worth $808,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Equity Lifestyle Properties by 78.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 635 shares in the last quarter. Vert Asset Management LLC lifted its holdings in shares of Equity Lifestyle Properties by 6.6% during the first quarter. Vert Asset Management LLC now owns 84,780 shares of the real estate investment trust’s stock valued at $5,655,000 after purchasing an additional 5,264 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Equity Lifestyle Properties by 137.5% in the 1st quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 1,235 shares during the period. Unigestion Holding SA increased its stake in Equity Lifestyle Properties by 106.4% in the 1st quarter. Unigestion Holding SA now owns 15,276 shares of the real estate investment trust’s stock worth $1,019,000 after purchasing an additional 7,876 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in Equity Lifestyle Properties by 115,450.0% during the 1st quarter. NBC Securities Inc. now owns 4,622 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 4,618 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $63.06 on Friday. The firm has a fifty day simple moving average of $63.74 and a 200 day simple moving average of $65.74. Equity Lifestyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 3.21 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. During the same quarter in the previous year, the business earned $0.59 earnings per share. Research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS 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 11th. Shareholders of record on Friday, June 27th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, June 27th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 106.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. BMO Capital Markets cut their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Barclays began coverage on Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an “equal weight” rating and a $70.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and a consensus target price of $73.90.

Insider Buying and Selling at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the transaction, the chief financial officer now owns 78,162 shares of the company’s stock, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Equity Lifestyle Properties Company 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.