Bokf Na Sells 167 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Bokf Na trimmed its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,034 shares of the real estate investment trust’s stock after selling 167 shares during the period. Bokf Na’s holdings in Equity LifeStyle Properties were worth $1,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Johnson Investment Counsel Inc. boosted its stake in Equity LifeStyle Properties by 0.6% during the second quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,745,000 after buying an additional 152 shares during the period. Wellington Management Group LLP boosted its position in shares of Equity LifeStyle Properties by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust’s stock valued at $4,224,000 after acquiring an additional 155 shares during the last quarter. LRI Investments LLC boosted its position in shares of Equity LifeStyle Properties by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 171 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Equity LifeStyle Properties by 4.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,920 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 177 shares in the last quarter. Finally, Naviter Wealth LLC increased its position in shares of Equity LifeStyle Properties by 1.6% in the first quarter. Naviter Wealth LLC now owns 12,404 shares of the real estate investment trust’s stock worth $805,000 after purchasing an additional 192 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $76.25 on Monday. The company’s fifty day moving average is $70.08 and its 200 day moving average is $65.81. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.34. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.47. The stock has a market cap of $14.22 billion, a PE ratio of 41.67, a PEG ratio of 4.32 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The company had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. During the same period last year, the firm posted $0.66 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.91 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.4775 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.50%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, September 27th. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $70.23, for a total value of $1,462,188.60. Following the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ELS shares. Evercore ISI lifted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $68.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Finally, Truist Financial increased their target price on Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $68.88.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.