Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,618 shares of the real estate investment trust's stock after selling 31,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Equity LifeStyle Properties worth $12,315,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Equity LifeStyle Properties in the second quarter valued at about $30,000. UMB Bank n.a. grew its stake in Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 417 shares during the last quarter. Blue Trust Inc. grew its position 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 valued at $40,000 after purchasing an additional 391 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Equity LifeStyle Properties by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 217 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Equity LifeStyle Properties in the 2nd quarter valued at approximately $54,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ELS. Robert W. Baird boosted their price target on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a report on Thursday, October 17th. They set a "hold" rating and a $72.00 price target for the company. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $68.00 target price on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Finally, Truist Financial lifted 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. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and an average price target of $72.40.

Insider Activity

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the company's stock in a transaction that occurred on 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 directly owns 221,777 shares of the company's stock, valued at $15,575,398.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of the company'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 transaction of $2,393,662.04. Following the sale, the chief financial officer now owns 148,463 shares in the company, valued at $11,109,486.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Patrick Waite sold 20,820 shares of Equity LifeStyle Properties stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 221,777 shares of the company's stock, valued at approximately $15,575,398.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,808 shares of company stock worth $6,348,011 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Trading Up 1.6 %

Shares of ELS stock traded up $1.09 during mid-day trading on Thursday, reaching $69.81. The company's stock had a trading volume of 1,447,268 shares, compared to its average volume of 1,207,157. The company's 50 day simple moving average is $70.95 and its 200-day simple moving average is $67.32. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The firm has a market capitalization of $13.34 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 3.79 and a beta of 0.79.

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 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The company had revenue of $387.30 million for the quarter, compared to analysts' expectations of $315.78 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Equity LifeStyle Properties, Inc. will post 2.9 EPS 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. Shareholders of record on Friday, December 27th will be given 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 2.73%. Equity LifeStyle Properties's payout ratio is currently 98.45%.

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.