Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Position Decreased by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 78.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,381 shares of the real estate investment trust's stock after selling 42,391 shares during the quarter. Wellington Management Group LLP's holdings in Equity LifeStyle Properties were worth $812,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ELS. Moran Wealth Management LLC boosted its position in Equity LifeStyle Properties by 0.8% during the 3rd quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust's stock worth $1,264,000 after purchasing an additional 143 shares during the period. V Square Quantitative Management LLC boosted its holdings in Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 146 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in Equity LifeStyle Properties by 0.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust's stock valued at $1,745,000 after purchasing an additional 152 shares in the last quarter. Toronto Dominion Bank increased its holdings in Equity LifeStyle Properties by 0.9% during the 2nd quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust's stock worth $1,106,000 after purchasing an additional 154 shares during the last quarter. Finally, LRI Investments LLC raised its position in shares of Equity LifeStyle Properties by 8.7% in the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock traded up $0.43 during trading hours on Friday, reaching $66.61. The stock had a trading volume of 4,409,066 shares, compared to its average volume of 1,216,807. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a 50-day simple moving average of $69.88 and a 200-day simple moving average of $68.96. The firm has a market capitalization of $12.73 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 3.63 and a beta of 0.77. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $315.78 million. During the same period last year, the company earned $0.71 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a dividend of $0.477 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.86%. Equity LifeStyle Properties's dividend payout ratio (DPR) is 98.45%.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of research analyst reports. 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. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Truist Financial lifted their price target on Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. UBS Group upgraded Equity LifeStyle Properties to a "strong-buy" rating in a research note on Thursday, October 10th. Finally, Evercore ISI lifted their target price on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an "in-line" rating in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has an average 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.