Ritholtz Wealth Management Purchases New Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Ritholtz Wealth Management acquired a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,273 shares of the real estate investment trust’s stock, valued at approximately $484,000.

A number of other large investors have also recently bought and sold shares of ELS. American Century Companies Inc. lifted its holdings in shares of Equity LifeStyle Properties by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 54,505 shares of the real estate investment trust’s stock worth $3,550,000 after acquiring an additional 4,081 shares during the period. Envestnet Asset Management Inc. raised its position in Equity LifeStyle Properties by 3.3% during the second quarter. Envestnet Asset Management Inc. now owns 312,519 shares of the real estate investment trust’s stock valued at $20,354,000 after purchasing an additional 9,869 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Equity LifeStyle Properties by 8.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,965 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 325 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Equity LifeStyle Properties by 19.8% in the 2nd quarter. Pacer Advisors Inc. now owns 33,661 shares of the real estate investment trust’s stock valued at $2,192,000 after purchasing an additional 5,570 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Equity LifeStyle Properties by 10.4% in the 2nd quarter. Sei Investments Co. now owns 808,007 shares of the real estate investment trust’s stock valued at $52,626,000 after purchasing an additional 75,975 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock opened at $66.52 on Tuesday. The business has a 50-day simple moving average of $68.42 and a 200 day simple moving average of $69.48. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. 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 posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.28). The business had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. On average, research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 98.45%.

Analyst Upgrades and Downgrades

ELS has been the subject of several recent analyst reports. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird raised their price target on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Evercore ISI upped their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.30.

Equity LifeStyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.