Sanctuary Advisors LLC Increases Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Sanctuary Advisors LLC lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 95.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,578 shares of the real estate investment trust's stock after purchasing an additional 15,899 shares during the quarter. Sanctuary Advisors LLC's holdings in Equity LifeStyle Properties were worth $2,311,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in Equity LifeStyle Properties by 0.9% in the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust's stock worth $331,707,000 after purchasing an additional 39,864 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Equity LifeStyle Properties by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock valued at $273,014,000 after acquiring an additional 65,191 shares during the period. Massachusetts Financial Services Co. MA grew its position in Equity LifeStyle Properties by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,218,638 shares of the real estate investment trust's stock valued at $209,630,000 after acquiring an additional 153,715 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Equity LifeStyle Properties by 7.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,706,099 shares of the real estate investment trust's stock worth $176,250,000 after purchasing an additional 178,258 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Equity LifeStyle Properties by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust's stock valued at $174,155,000 after purchasing an additional 87,609 shares during the period. Institutional investors own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ELS shares. Compass Point raised their price target 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. UBS Group raised shares of Equity LifeStyle Properties to a "strong-buy" rating in a research note on Thursday, October 10th. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They set a "hold" rating and a $72.00 price objective on the stock. Finally, Evercore ISI upped their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Six research 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 company's stock. Based on data from MarketBeat, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and an average price target of $72.50.

Equity LifeStyle Properties Stock Down 0.7 %

NYSE:ELS traded down $0.48 during midday trading on Thursday, reaching $66.18. 1,647,752 shares of the stock traded hands, compared to its average volume of 1,203,777. The business has a 50-day moving average of $69.91 and a two-hundred day moving average of $68.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The stock has a market capitalization of $12.64 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 3.63 and a beta of 0.77.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results 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 analysts' expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 98.45%.

Equity LifeStyle Properties 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.