Equity Lifestyle Properties, Inc. (NYSE:ELS) Holdings Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 23.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,317 shares of the real estate investment trust’s stock after selling 84,921 shares during the period. Envestnet Asset Management Inc. owned about 0.15% of Equity Lifestyle Properties worth $18,564,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of 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 acquiring an additional 210 shares during the period. Farther Finance Advisors LLC grew its holdings 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 valued at $96,000 after acquiring an additional 635 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Equity Lifestyle Properties by 32.9% in the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 459 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Equity Lifestyle Properties by 351.6% in the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 1,452 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Equity Lifestyle Properties by 137.5% during the 1st quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 1,235 shares during the last quarter. Institutional investors 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 the stock in a transaction on Wednesday, May 7th. The stock was 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 directly owned 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a “buy” rating and a $80.00 price objective for the company. Truist Financial decreased their price target on shares of 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. Morgan Stanley started coverage on shares of Equity Lifestyle Properties in a research note on Tuesday. They issued a “positive” rating and a $67.50 price objective on the stock. BMO Capital Markets cut their target price on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays began coverage on shares of 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. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.32.

Equity Lifestyle Properties Stock Up 1.1%

Equity Lifestyle Properties stock opened at $61.77 on Thursday. The firm has a market capitalization of $11.81 billion, a PE ratio of 32.01, a P/E/G ratio of 3.29 and a beta of 0.72. The company’s 50-day moving average is $62.86 and its 200-day moving average is $64.94. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.03 and a quick ratio of 0.03.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. During the same quarter in the previous year, the firm posted $0.59 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Friday, June 27th. Equity Lifestyle Properties’s payout ratio is presently 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.