Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Holdings Lessened by Barclays PLC

Barclays PLC lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 15.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 203,324 shares of the real estate investment trust's stock after selling 37,536 shares during the quarter. Barclays PLC owned 0.11% of Equity LifeStyle Properties worth $14,504,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELS. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Equity LifeStyle Properties by 41.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,699 shares of the real estate investment trust's stock worth $892,000 after purchasing an additional 3,983 shares in the last quarter. Blue Trust Inc. boosted its holdings in Equity LifeStyle Properties by 167.1% in the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 391 shares during the period. Raymond James & Associates grew its position in Equity LifeStyle Properties by 27.7% in the second quarter. Raymond James & Associates now owns 100,114 shares of the real estate investment trust's stock valued at $6,520,000 after acquiring an additional 21,686 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Equity LifeStyle Properties by 8.7% during the second quarter. Fifth Third Bancorp now owns 4,947 shares of the real estate investment trust's stock valued at $322,000 after purchasing an additional 394 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Equity LifeStyle Properties during the second quarter worth $363,000. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS traded up $0.41 on Monday, reaching $68.33. 1,105,070 shares of the company's stock were exchanged, compared to its average volume of 1,200,085. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The business's 50-day moving average is $69.85 and its two-hundred day moving average is $68.96. 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 firm has a market capitalization of $13.05 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 3.63 and a beta of 0.77.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.28). The business had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. As a group, equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a dividend of $0.477 per share. The ex-dividend date is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.79%. Equity LifeStyle Properties's payout ratio is currently 98.45%.

Analyst Ratings Changes

Several research firms recently issued reports on ELS. Compass Point lifted their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research report on Thursday, October 17th. They set a "hold" rating and a $72.00 target price on the stock. Evercore ISI raised their price objective 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 target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their price target on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $72.50.

Insiders Place Their Bets

In related news, CFO Paul Seavey sold 31,988 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total value of $2,393,662.04. Following the sale, the chief financial officer now directly owns 148,463 shares in the company, valued at $11,109,486.29. This trade represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

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.