Thrivent Financial for Lutherans Has $4.64 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Thrivent Financial for Lutherans grew its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 44.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,035 shares of the real estate investment trust's stock after acquiring an additional 19,974 shares during the quarter. Thrivent Financial for Lutherans' holdings in Equity LifeStyle Properties were worth $4,640,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. V Square Quantitative Management LLC lifted its position in Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 146 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Equity LifeStyle Properties by 0.6% in the second quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust's stock valued at $1,745,000 after purchasing an additional 152 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of 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 period. LRI Investments LLC grew its holdings in shares of 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 in the last quarter. Finally, Farrow Financial Inc. raised its position in Equity LifeStyle Properties by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 22,089 shares of the real estate investment trust's stock valued at $1,439,000 after buying an additional 211 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Compass Point upped their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Truist Financial increased their target price on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th. Evercore ISI lifted their price target 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. UBS Group upgraded shares of Equity LifeStyle Properties to a "strong-buy" rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised 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. Six investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

Equity LifeStyle Properties Trading Up 0.1 %

Equity LifeStyle Properties stock opened at $70.94 on Monday. The stock has a 50-day simple moving average of $70.38 and a 200 day simple moving average of $68.15. The stock has a market capitalization of $13.55 billion, a P/E ratio of 36.57, a PEG ratio of 3.77 and a beta of 0.79. 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 52 week low of $59.82 and a 52 week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued 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 return on equity of 24.10% and a net margin of 23.97%. The business had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business's revenue was down .4% compared to the same quarter last year. Analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's payout ratio is presently 98.45%.

Insider Buying and Selling

In other news, CFO Paul Seavey sold 31,988 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following 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 trade represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marguerite M. Nader sold 33,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 260,936 shares of the company's stock, valued at approximately $19,705,886.72. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.