Equity LifeStyle Properties, Inc. (NYSE:ELS) Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 592.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,626,963 shares of the real estate investment trust's stock after acquiring an additional 1,391,846 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.85% of Equity LifeStyle Properties worth $116,068,000 at the end of the most recent quarter.

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

Insider Activity

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 148,463 shares of the company's stock, valued at $11,109,486.29. The trade was a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,492,160.00. Following the completion of the sale, the chief executive officer now owns 260,936 shares in the company, valued at $19,705,886.72. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Price Performance

NYSE:ELS traded down $0.98 during trading hours on Monday, reaching $70.35. 928,876 shares of the company were exchanged, compared to its average volume of 1,207,302. The business has a 50 day moving average of $70.16 and a 200 day moving average of $68.46. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60. 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 company has a market capitalization of $13.44 billion, a P/E ratio of 36.77, a P/E/G ratio of 3.79 and a beta of 0.79.

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. Research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio is currently 98.45%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ELS. Compass Point boosted their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Robert W. Baird upped 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 report on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They issued a "hold" rating and a $72.00 price objective for the company. UBS Group raised Equity LifeStyle Properties to a "strong-buy" rating in a report on Thursday, October 10th. Finally, Evercore ISI boosted their price objective on 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.