KBC Group NV Acquires 138,759 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

KBC Group NV increased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 518.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,518 shares of the real estate investment trust's stock after purchasing an additional 138,759 shares during the quarter. KBC Group NV owned 0.09% of Equity LifeStyle Properties worth $11,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blair William & Co. IL raised its position in shares of Equity LifeStyle Properties by 4.0% during the first quarter. Blair William & Co. IL now owns 47,277 shares of the real estate investment trust's stock worth $3,045,000 after purchasing an additional 1,832 shares during the period. Intech Investment Management LLC increased its stake in Equity LifeStyle Properties by 629.8% in the 1st quarter. Intech Investment Management LLC now owns 32,701 shares of the real estate investment trust's stock worth $2,106,000 after purchasing an additional 28,220 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in Equity LifeStyle Properties by 6.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 97,687 shares of the real estate investment trust's stock worth $6,291,000 after buying an additional 6,314 shares during the period. Vanguard Group Inc. lifted its stake in Equity LifeStyle Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust's stock valued at $1,614,469,000 after buying an additional 240,853 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in shares of Equity LifeStyle Properties by 7.7% in the first quarter. Bahl & Gaynor Inc. now owns 168,317 shares of the real estate investment trust's stock worth $10,840,000 after buying an additional 12,063 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Stock Down 1.1 %

ELS opened at $70.89 on Friday. The company has a market capitalization of $13.54 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 3.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The business has a 50-day moving average of $70.81 and a 200-day moving average of $67.83.

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 for the quarter, missing the consensus estimate of $0.72 by ($0.28). The business had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equity LifeStyle Properties's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The firm 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 $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio is presently 98.45%.

Insider Transactions at Equity LifeStyle Properties

In related news, CEO Marguerite M. Nader sold 33,000 shares of the 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 completion of the sale, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties stock in a transaction dated 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 approximately $11,109,486.29. This trade represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Equity LifeStyle Properties to a "strong-buy" rating in a report on Thursday, October 10th. Evercore ISI increased their target price on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, October 21st. Truist Financial raised their target price on Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a research report on Thursday, October 17th. They set a "hold" rating and a $72.00 price target on the stock. Finally, Wells Fargo & Company upgraded Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. 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 company's stock. According to data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and a consensus price target 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.