Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by KBC Group NV

KBC Group NV decreased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,812 shares of the real estate investment trust's stock after selling 24,706 shares during the quarter. KBC Group NV owned about 0.07% of Equity LifeStyle Properties worth $9,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELS. Moran Wealth Management LLC grew its holdings 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 valued at $1,264,000 after buying an additional 143 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Equity LifeStyle Properties by 31.3% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 171 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake 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 worth $149,000 after buying an additional 269 shares in the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of Equity LifeStyle Properties by 7.9% in the 3rd quarter. Procyon Advisors LLC now owns 3,814 shares of the real estate investment trust's stock valued at $272,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock traded down $0.09 on Thursday, hitting $65.17. The company had a trading volume of 769,817 shares, compared to its average volume of 1,405,906. 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 twelve month low of $59.82 and a twelve month high of $76.60. The company has a 50-day moving average price of $67.79 and a 200-day moving average price of $69.55. The firm has a market cap of $12.45 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. As a group, equities research analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group raised Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Evercore ISI lowered their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. 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 note on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.90.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.