Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,676 shares of the real estate investment trust’s stock after purchasing an additional 775 shares during the period. Natixis Advisors LLC’s holdings in Equity LifeStyle Properties were worth $1,903,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC increased its position in Equity LifeStyle Properties by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 217 shares in the last quarter. Tidal Investments LLC raised its position in shares of Equity LifeStyle Properties by 35.3% in the first quarter. Tidal Investments LLC now owns 79,280 shares of the real estate investment trust’s stock valued at $5,106,000 after buying an additional 20,697 shares during the last quarter. PGGM Investments raised its position in shares of Equity LifeStyle Properties by 4,586.1% in the second quarter. PGGM Investments now owns 1,843,496 shares of the real estate investment trust’s stock valued at $120,067,000 after buying an additional 1,804,156 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Equity LifeStyle Properties by 0.9% during the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock valued at $331,707,000 after buying an additional 39,864 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in Equity LifeStyle Properties during the first quarter worth approximately $876,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Paul Seavey sold 31,988 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the completion of the transaction, the chief financial officer now directly owns 148,463 shares in the company, valued at approximately $11,109,486.29. This represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the sale, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ELS shares. Robert W. Baird increased their price target on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Truist Financial increased their target price on Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Wells Fargo & Company upgraded Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.50 to $82.00 in a report on Thursday, September 19th. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research note on Thursday, October 17th. They set a “hold” rating and a $72.00 price objective for the company. Finally, Compass Point raised 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. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Equity LifeStyle Properties Trading Up 0.2 %

NYSE ELS opened at $71.10 on Tuesday. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 3.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The company’s 50 day moving average price is $70.38 and its 200 day moving average price is $68.15.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results 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 net margin of 23.97% and a return on equity of 24.10%. The business had revenue of $387.30 million during the quarter, compared to analysts’ expectations of $315.78 million. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties’s payout ratio is 98.45%.

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.