Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 6.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,182 shares of the real estate investment trust’s stock after selling 3,365 shares during the period. LPL Financial LLC’s holdings in Equity Lifestyle Properties were worth $3,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its stake in shares of Equity Lifestyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 210 shares during the last quarter. 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 purchasing an additional 635 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Equity Lifestyle Properties by 351.6% during the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 1,452 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 1,235 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth about $200,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ELS shares. Royal Bank Of Canada decreased their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets decreased 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 research report on Tuesday, April 22nd. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Morgan Stanley started coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a “positive” rating and a $67.50 target price on the stock. Finally, Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

Equity Lifestyle Properties Trading Up 0.6%

NYSE ELS opened at $60.66 on Friday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60. The company’s 50 day moving average price is $61.54 and its 200 day moving average price is $64.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.24 and a beta of 0.70.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same quarter last year, the firm posted $0.66 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend 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.