Equity Lifestyle Properties, Inc. $ELS Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd lowered its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 73.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,833 shares of the real estate investment trust’s stock after selling 10,577 shares during the quarter. Bayforest Capital Ltd’s holdings in Equity Lifestyle Properties were worth $233,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Equity Lifestyle Properties by 12.3% in the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 178 shares during the period. GAMMA Investing LLC increased its position in shares of Equity Lifestyle Properties by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 201 shares in the last quarter. Moran Wealth Management LLC increased its position in shares of Equity Lifestyle Properties by 1.2% during the second quarter. Moran Wealth Management LLC now owns 17,995 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 220 shares in the last quarter. Groupe la Francaise raised its stake in Equity Lifestyle Properties by 0.6% in the 2nd quarter. Groupe la Francaise now owns 52,354 shares of the real estate investment trust’s stock valued at $3,214,000 after purchasing an additional 287 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Equity Lifestyle Properties by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 53,800 shares of the real estate investment trust’s stock valued at $3,318,000 after purchasing an additional 300 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the subject of a number of research reports. Barclays reaffirmed an “overweight” rating and set a $68.00 target price on shares of Equity Lifestyle Properties in a report on Tuesday. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. UBS Group set a $67.00 target price on Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Equity Lifestyle Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $61.01 on Wednesday. The firm has a 50 day simple moving average of $61.57 and a 200-day simple moving average of $61.22. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 3.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $70.35.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $393.31 million for the quarter, compared to analyst estimates of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. On average, analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio is 103.52%.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.