Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,918 shares of the real estate investment trust’s stock after purchasing an additional 4,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Equity LifeStyle Properties were worth $3,561,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ELS. Mather Group LLC. acquired a new position in shares of Equity LifeStyle Properties in the 1st quarter valued at about $25,000. Rise Advisors LLC bought a new position in Equity LifeStyle Properties in the first quarter worth about $27,000. V Square Quantitative Management LLC acquired a new position in Equity LifeStyle Properties in the second quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in Equity LifeStyle Properties by 167.1% in the second quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 391 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Equity LifeStyle Properties by 36.0% during the second quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

ELS has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on Equity LifeStyle Properties from $73.00 to $76.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Finally, Truist Financial increased their price target on Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has an average rating of “Hold” and an average target price of $70.67.

Equity LifeStyle Properties Stock Down 2.7 %

ELS opened at $66.12 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market capitalization of $12.33 billion, a PE ratio of 36.13, a P/E/G ratio of 4.22 and a beta of 0.79. The stock’s fifty day moving average is $71.67 and its 200-day moving average is $66.43. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60.

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

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.4775 dividend. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.91 annualized dividend and a yield of 2.89%. Equity LifeStyle Properties’s payout ratio is 104.37%.

Insider Buying and Selling at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total value of $2,393,662.04. Following the transaction, the chief financial officer now directly owns 148,463 shares in the company, valued at $11,109,486.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the sale, the chief financial officer now owns 148,463 shares in the company, valued at $11,109,486.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the completion of the transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at $19,705,886.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,808 shares of company stock valued at $6,348,011. Corporate insiders own 1.40% of the company’s stock.

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.