Ameritas Investment Partners Inc. Decreases Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Ameritas Investment Partners Inc. trimmed its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,667 shares of the real estate investment trust’s stock after selling 1,488 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Equity LifeStyle Properties were worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ELS. Cim LLC bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth about $2,586,000. Centersquare Investment Management LLC boosted its position in shares of Equity LifeStyle Properties by 22.9% during the first quarter. Centersquare Investment Management LLC now owns 123,030 shares of the real estate investment trust’s stock valued at $7,417,000 after buying an additional 22,900 shares during the period. GAMMA Investing LLC grew its stake 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 buying an additional 217 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Equity LifeStyle Properties by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust’s stock valued at $21,952,000 after buying an additional 12,444 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Equity LifeStyle Properties by 1,029.9% during the 4th quarter. UBS Group AG now owns 243,770 shares of the real estate investment trust’s stock worth $17,196,000 after acquiring an additional 222,196 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of Equity LifeStyle Properties stock in a transaction dated 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 transaction, the chief operating officer now owns 221,777 shares in the company, valued at $15,575,398.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction dated 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 directly owns 221,777 shares in the company, valued at approximately $15,575,398.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction 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. The disclosure for this sale can be found here. Insiders have sold a total of 85,808 shares of company stock valued at $6,348,011 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Equity LifeStyle Properties Trading Down 2.4 %

NYSE ELS opened at $71.81 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. 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 $13.39 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 4.32 and a beta of 0.79. The company’s 50-day simple moving average is $70.95 and its two-hundred day simple moving average is $66.05.

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

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a dividend of $0.4775 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, September 27th. Equity LifeStyle Properties’s dividend payout ratio is 104.37%.

Wall Street Analysts Forecast Growth

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

About Equity LifeStyle Properties

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.