Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC increased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,233 shares of the real estate investment trust's stock after purchasing an additional 25,089 shares during the period. Equity LifeStyle Properties makes up about 1.2% of Easterly Investment Partners LLC's investment portfolio, making the stock its 15th largest position. Easterly Investment Partners LLC owned about 0.11% of Equity LifeStyle Properties worth $15,283,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Equity LifeStyle Properties in the second quarter worth $30,000. UMB Bank n.a. boosted its stake in Equity LifeStyle Properties by 356.4% during the third 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. Blue Trust Inc. boosted its stake in Equity LifeStyle Properties by 167.1% during 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 during the period. GAMMA Investing LLC boosted its stake in 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 worth $53,000 after buying an additional 217 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Equity LifeStyle Properties during the second quarter worth $54,000. Institutional investors own 97.21% of the company's stock.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were 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 approximately $19,705,886.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the business'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 completion of the transaction, the chief operating officer now directly owns 221,777 shares in the company, valued at approximately $15,575,398.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the completion of the transaction, the chief executive officer now owns 260,936 shares of the company's stock, valued at $19,705,886.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,808 shares of company stock worth $6,348,011 over the last three months. 1.40% of the stock is owned by corporate insiders.

Equity LifeStyle Properties Stock Up 2.4 %

Shares of ELS stock traded up $1.67 on Friday, hitting $71.43. The stock had a trading volume of 1,274,334 shares, compared to its average volume of 1,209,888. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $70.91 and a 200 day moving average price of $67.34. The company has a market cap of $13.65 billion, a PE ratio of 35.95, a P/E/G ratio of 3.79 and a beta of 0.79. 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 - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $387.30 million during the quarter, compared to the consensus estimate 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 was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.9 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.477 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.67%. Equity LifeStyle Properties's payout ratio is currently 98.45%.

Analyst Ratings Changes

ELS has been the subject of several recent analyst reports. UBS Group raised shares of Equity LifeStyle Properties to a "strong-buy" rating in a research note on Thursday, October 10th. Robert W. Baird lifted 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. Truist Financial lifted their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, July 30th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $68.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Finally, Evercore ISI boosted their target price on shares of 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. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties has an average rating of "Moderate Buy" and a consensus target price of $72.40.

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.