Equity LifeStyle Properties, Inc. (NYSE:ELS) Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. increased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 106.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,292 shares of the real estate investment trust’s stock after acquiring an additional 667 shares during the period. Blue Trust Inc.’s holdings in Equity LifeStyle Properties were worth $84,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State of Michigan Retirement System boosted its holdings in shares of Equity LifeStyle Properties by 2.5% during the first quarter. State of Michigan Retirement System now owns 45,800 shares of the real estate investment trust’s stock worth $2,950,000 after purchasing an additional 1,100 shares during the period. Azzad Asset Management Inc. ADV lifted its position in Equity LifeStyle Properties by 5.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 13,287 shares of the real estate investment trust’s stock worth $856,000 after buying an additional 647 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Equity LifeStyle Properties during the 1st quarter valued at $990,000. Marshall Financial Group LLC grew its holdings in shares of Equity LifeStyle Properties by 10.3% during the 1st quarter. Marshall Financial Group LLC now owns 14,303 shares of the real estate investment trust’s stock valued at $921,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Equity LifeStyle Properties by 6.7% in the first quarter. Van ECK Associates Corp now owns 76,553 shares of the real estate investment trust’s stock worth $4,864,000 after acquiring an additional 4,801 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equity LifeStyle Properties

In other 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 in the company, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the completion of the sale, the chief operating officer now owns 221,777 shares in the company, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 85,808 shares of company stock worth $6,348,011 over the last three months. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Evercore ISI increased their price objective on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Robert W. Baird raised their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Compass Point boosted their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties has an average rating of “Moderate Buy” and an average price target of $72.40.

Equity LifeStyle Properties Stock Performance

NYSE:ELS opened at $69.01 on Wednesday. The firm has a market capitalization of $12.87 billion, a PE ratio of 37.71, a PEG ratio of 3.75 and a beta of 0.79. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The firm’s fifty day simple moving average is $71.11 and its 200 day simple moving average is $66.98.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.9 EPS for the current year.

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.