Stifel Financial Corp Sells 7,959 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Stifel Financial Corp cut its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,635 shares of the real estate investment trust's stock after selling 7,959 shares during the quarter. Stifel Financial Corp's holdings in Equity LifeStyle Properties were worth $3,542,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its stake in shares of Equity LifeStyle Properties by 14,049.2% during the 3rd quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust's stock worth $50,935,000 after buying an additional 708,925 shares during the last quarter. Quarry LP grew its position in Equity LifeStyle Properties by 228.8% during the third quarter. Quarry LP now owns 1,519 shares of the real estate investment trust's stock worth $108,000 after buying an additional 1,057 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Equity LifeStyle Properties in the 3rd quarter valued at $1,932,000. Investment Management Corp of Ontario lifted its position in shares of Equity LifeStyle Properties by 48.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 5,841 shares of the real estate investment trust's stock valued at $417,000 after acquiring an additional 1,900 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Equity LifeStyle Properties during the 3rd quarter worth $559,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Trading Up 0.6 %

NYSE ELS traded up $0.41 on Tuesday, reaching $68.75. The company had a trading volume of 1,108,273 shares, compared to its average volume of 1,199,776. The business has a 50 day moving average of $69.85 and a two-hundred day moving average of $68.96. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 3.63 and a beta of 0.77. 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 (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm had revenue of $387.30 million during the quarter, compared to analysts' expectations of $315.78 million. During the same quarter in the prior year, the company earned $0.71 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. Analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's payout ratio is 98.45%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ELS. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They set a "hold" rating and a $72.00 price target for the company. Compass Point increased their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $70.50 to $82.00 in a report on Thursday, September 19th. Evercore ISI increased their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Finally, Robert W. Baird boosted their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

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.