Equity Lifestyle Properties, Inc. $ELS Shares Sold by Andra AP fonden

Andra AP fonden lessened its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 54.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 160,000 shares of the real estate investment trust’s stock after selling 192,400 shares during the quarter. Andra AP fonden owned about 0.08% of Equity Lifestyle Properties worth $9,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of Equity Lifestyle Properties by 126.9% in the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 321 shares in the last quarter. Allworth Financial LP boosted its stake in Equity Lifestyle Properties by 204.1% during the 2nd quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 443 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Equity Lifestyle Properties by 81.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 840 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 378 shares during the period. Wilmington Savings Fund Society FSB raised its stake in shares of Equity Lifestyle Properties by 27.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 269 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Equity Lifestyle Properties by 21.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,974 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 354 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Down 0.8%

Equity Lifestyle Properties stock opened at $67.25 on Friday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $70.35. The company’s fifty day moving average price is $63.71 and its two-hundred day moving average price is $62.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 3.76 and a beta of 0.76.

Equity Lifestyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.5425 dividend. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, March 27th. This represents a $2.17 annualized dividend and a yield of 3.2%. Equity Lifestyle Properties’s payout ratio is 102.49%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ELS. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Robert W. Baird set a $73.00 target price on Equity Lifestyle Properties in a report on Friday, January 30th. Finally, Truist Financial increased their price target on Equity Lifestyle Properties from $66.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.42.

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.