Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Holocene Advisors LP

Holocene Advisors LP reduced its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 10.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,823 shares of the real estate investment trust's stock after selling 7,758 shares during the period. Holocene Advisors LP's holdings in Equity LifeStyle Properties were worth $4,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Moran Wealth Management LLC grew its stake in shares of Equity LifeStyle Properties by 0.8% in 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 buying an additional 143 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Equity LifeStyle Properties by 31.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 146 shares during the period. Johnson Investment Counsel Inc. lifted its holdings 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 buying an additional 152 shares in the last quarter. Toronto Dominion Bank lifted 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 valued at $1,106,000 after buying an additional 154 shares in the last quarter. Finally, LRI Investments LLC lifted its holdings in Equity LifeStyle Properties by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 171 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equity LifeStyle Properties

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 value of $2,393,662.04. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marguerite M. Nader sold 33,000 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ELS shares. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $70.50 to $82.00 in a report on Thursday, September 19th. Truist Financial boosted their price target on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a "hold" rating in a report on Tuesday, November 12th. Compass Point boosted their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, October 21st. Finally, UBS Group upgraded shares of Equity LifeStyle Properties to a "strong-buy" rating in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and an average price target of $72.50.

Equity LifeStyle Properties Stock Performance

NYSE:ELS traded up $0.20 during trading hours on Thursday, hitting $70.21. 878,779 shares of the company were exchanged, compared to its average volume of 1,202,689. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 3.70 and a beta of 0.77. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. 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 company's 50 day moving average price is $70.01 and its 200-day moving average price is $68.56.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released 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). The company had revenue of $387.30 million for the quarter, compared to analysts' expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. As a group, research 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 announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a dividend of $0.477 per share. The ex-dividend date is Friday, December 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.72%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 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.