Lecap Asset Management Ltd. Sells 17,918 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Lecap Asset Management Ltd. cut its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 67.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,706 shares of the real estate investment trust's stock after selling 17,918 shares during the period. Lecap Asset Management Ltd.'s holdings in Equity LifeStyle Properties were worth $621,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Equity LifeStyle Properties during the second quarter valued at $30,000. UMB Bank n.a. boosted its position in shares of Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 417 shares during the period. Blue Trust Inc. boosted its position in Equity LifeStyle Properties by 167.1% during the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 391 shares during the period. GAMMA Investing LLC boosted its position in Equity LifeStyle Properties by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 217 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Equity LifeStyle Properties during the 2nd quarter worth about $54,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $68.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a research report on Thursday, October 17th. They issued a "hold" rating and a $72.00 price target on the stock. Evercore ISI lifted their price target on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an "in-line" rating in a research report on Monday. Compass Point lifted their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties has an average rating of "Moderate Buy" and a consensus price target of $72.40.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock traded down $0.59 on Friday, reaching $69.40. The company's stock had a trading volume of 951,902 shares, compared to its average volume of 1,205,305. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 3.75 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The business's fifty day moving average price is $71.16 and its 200 day moving average price is $66.83.

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 analysts' consensus estimates of $0.72 by ($0.28). The firm had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities analysts expect that Equity LifeStyle Properties, Inc. will post 2.9 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.4775 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, September 27th. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio is currently 98.45%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 260,936 shares of the company's stock, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Paul Seavey sold 31,988 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 148,463 shares in the company, valued at $11,109,486.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of the firm'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 completion of the transaction, the chief executive officer now owns 260,936 shares of the company's stock, valued at $19,705,886.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,808 shares of company stock valued at $6,348,011. Company insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Company 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.