L & S Advisors Inc Purchases 27,917 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

L & S Advisors Inc grew its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 28.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 124,617 shares of the real estate investment trust’s stock after buying an additional 27,917 shares during the period. L & S Advisors Inc’s holdings in Equity LifeStyle Properties were worth $8,890,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of Equity LifeStyle Properties in the 2nd quarter worth about $30,000. UMB Bank n.a. increased its stake in Equity LifeStyle Properties by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 417 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Equity LifeStyle Properties by 167.1% in the second quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 391 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Equity LifeStyle Properties by 36.0% in the second quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 217 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Equity LifeStyle Properties during the second quarter valued at approximately $54,000. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ELS shares. Compass Point boosted their price objective on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their price objective on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Evercore ISI raised their price target on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a report on Thursday, October 17th. They issued a “hold” rating and a $72.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

Equity LifeStyle Properties Stock Down 0.3 %

ELS stock opened at $70.66 on Thursday. 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 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The firm’s fifty day moving average is $70.57 and its 200 day moving average is $68.01. The firm has a market cap of $13.50 billion, a PE ratio of 36.42, a P/E/G ratio of 3.76 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share 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 analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equity LifeStyle Properties’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a $0.477 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.70%. Equity LifeStyle Properties’s payout ratio is currently 98.45%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction dated 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 transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at $19,705,886.72. The trade was a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Seavey sold 31,988 shares of the company’s stock in a transaction that occurred 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 owns 148,463 shares in the company, valued at $11,109,486.29. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Equity LifeStyle Properties 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.