Charles Schwab Investment Management Inc. Boosts Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Charles Schwab Investment Management Inc. raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,441,191 shares of the real estate investment trust's stock after purchasing an additional 87,609 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.28% of Equity LifeStyle Properties worth $174,155,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC bought a new position in Equity LifeStyle Properties in the 1st quarter valued at $122,000. BOKF NA increased its stake in Equity LifeStyle Properties by 2.2% in the 1st quarter. BOKF NA now owns 16,201 shares of the real estate investment trust's stock worth $1,025,000 after buying an additional 346 shares during the period. Bayesian Capital Management LP bought a new stake in Equity LifeStyle Properties during the 1st quarter valued at about $876,000. Tidal Investments LLC boosted its position in Equity LifeStyle Properties by 35.3% in the 1st 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 period. Finally, iA Global Asset Management Inc. grew its stake in Equity LifeStyle Properties by 15.4% in the 1st quarter. iA Global Asset Management Inc. now owns 3,008 shares of the real estate investment trust's stock worth $194,000 after acquiring an additional 402 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Up 0.1 %

NYSE ELS traded up $0.10 on Friday, hitting $70.94. The stock had a trading volume of 1,094,935 shares, compared to its average volume of 1,256,897. The business's fifty day moving average price is $70.38 and its 200 day moving average price is $68.15. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 3.76 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 52-week low of $59.82 and a 52-week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its 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). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business had revenue of $387.30 million for the quarter, compared to analysts' expectations of $315.78 million. During the same quarter last year, the firm earned $0.71 earnings per share. The firm's quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share 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. Investors of record on Friday, December 27th will be paid a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 98.45%.

Insiders Place Their Bets

In other news, CEO Marguerite M. Nader sold 33,000 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the transaction, the chief executive officer now directly owns 260,936 shares in the company, valued at $19,705,886.72. This trade represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 sale, the chief financial officer now owns 148,463 shares in the company, valued at approximately $11,109,486.29. This represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ELS. Jefferies Financial Group assumed 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 target for the company. Truist Financial increased their price target 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. 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 research note on Monday, October 21st. Robert W. Baird upped their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

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.