Janney Montgomery Scott LLC Sells 211,882 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Janney Montgomery Scott LLC reduced its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 87.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,068 shares of the real estate investment trust’s stock after selling 211,882 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Equity LifeStyle Properties were worth $1,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ELS. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties in the fourth quarter worth approximately $33,000. UMB Bank n.a. boosted its holdings in Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 417 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares during the period. V Square Quantitative Management LLC raised its holdings in Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 146 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Equity LifeStyle Properties in the third quarter worth about $72,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Up 0.5 %

Shares of NYSE:ELS opened at $65.48 on Monday. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.77 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $67.56 and a 200 day moving average price of $69.52.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. As a group, equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Compass Point raised their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI cut their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday, January 28th. Finally, Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.90.

Equity LifeStyle Properties Company 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.