Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,221,850 shares of the real estate investment trust's stock after selling 10,210 shares during the period. Janus Henderson Group PLC owned 0.64% of Equity LifeStyle Properties worth $87,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Heitman Real Estate Securities LLC increased its position in shares of Equity LifeStyle Properties by 29.3% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 648,847 shares of the real estate investment trust's stock valued at $46,289,000 after purchasing an additional 147,090 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Equity LifeStyle Properties in the 3rd quarter valued at approximately $278,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Equity LifeStyle Properties by 14.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust's stock valued at $149,000 after purchasing an additional 269 shares during the last quarter. Vinva Investment Management Ltd purchased a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at $520,000. Finally, Public Sector Pension Investment Board grew its position in shares of Equity LifeStyle Properties by 30.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 23,147 shares of the real estate investment trust's stock valued at $1,651,000 after buying an additional 5,370 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock traded up $0.20 during mid-day trading on Thursday, hitting $70.21. The stock had a trading volume of 878,779 shares, compared to its average volume of 1,202,689. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The firm has a market cap of $13.41 billion, a PE ratio of 36.09, a PEG ratio of 3.70 and a beta of 0.77. 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 simple moving average is $70.01 and its 200-day simple moving average is $68.56.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. Sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share 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 issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio is currently 98.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ELS. UBS Group raised shares of Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. Truist Financial increased their target price on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a "hold" rating in a research report on Tuesday, November 12th. Robert W. Baird increased 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 report on Tuesday, October 22nd. Finally, Compass Point raised their price objective on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Six investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.50.

Insider Buying and Selling

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the company'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 sale, the chief executive officer now owns 260,936 shares of the company's stock, valued at $19,705,886.72. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Seavey sold 31,988 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the completion of 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 disclosure for this sale can be found here. 1.40% of the stock is owned by 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.