Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Vanderbilt University

Vanderbilt University cut its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 22.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,183 shares of the real estate investment trust's stock after selling 8,566 shares during the period. Vanderbilt University's holdings in Equity LifeStyle Properties were worth $2,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ELS. V Square Quantitative Management LLC boosted 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 worth $44,000 after buying an additional 146 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in Equity LifeStyle Properties by 0.6% during the second quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust's stock worth $1,745,000 after buying an additional 152 shares during the last quarter. Toronto Dominion Bank boosted its stake in Equity LifeStyle Properties by 0.9% during the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust's stock worth $1,106,000 after buying an additional 154 shares during the last quarter. Wellington Management Group LLP boosted its stake in Equity LifeStyle Properties by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust's stock worth $4,224,000 after buying an additional 155 shares during the last quarter. Finally, LRI Investments LLC boosted its stake in Equity LifeStyle Properties by 8.7% during the second quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust's stock worth $139,000 after buying an additional 171 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELS has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a research note on Thursday, October 17th. They set a "hold" rating and a $72.00 price objective on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $68.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Evercore ISI lifted their target price on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Compass Point lifted their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. Seven 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 stock. According to data from MarketBeat, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and a consensus target price of $72.40.

Insiders Place Their Bets

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 stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the sale, the chief executive officer now owns 260,936 shares in the company, valued at $19,705,886.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Paul Seavey sold 31,988 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the completion of the transaction, the chief financial officer now directly owns 148,463 shares of the company's stock, valued at approximately $11,109,486.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marguerite M. Nader sold 33,000 shares of the company'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 transaction, the chief executive officer now directly owns 260,936 shares of the company's stock, valued at approximately $19,705,886.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,808 shares of company stock worth $6,348,011 in the last quarter. 1.40% of the stock is owned by company insiders.

Equity LifeStyle Properties Trading Down 0.6 %

Shares of ELS stock traded down $0.45 on Monday, hitting $68.94. The stock had a trading volume of 1,290,932 shares, compared to its average volume of 1,205,725. 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 firm has a market capitalization of $12.86 billion, a P/E ratio of 37.67, a P/E/G ratio of 3.75 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The company's 50 day moving average price is $71.11 and its 200-day moving average price is $66.98.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.28). The firm had revenue of $387.30 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.9 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.4775 per share. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date was Friday, September 27th. This represents a $1.91 annualized dividend and a yield of 2.77%. Equity LifeStyle Properties's dividend payout ratio is 104.37%.

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.