12,316 Shares in Equity Lifestyle Properties, Inc. $ELS Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the fourth quarter, Holdings Channel reports. The fund bought 12,316 shares of the real estate investment trust’s stock, valued at approximately $746,000.

Other hedge funds have also modified their holdings of the company. GoalVest Advisory LLC acquired a new position in shares of Equity Lifestyle Properties in the 4th quarter worth $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Equity Lifestyle Properties during the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares during the period. Clearstead Trust LLC raised its holdings in shares of Equity Lifestyle Properties by 74.8% during the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Equity Lifestyle Properties during the third quarter valued at approximately $34,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the completion of the sale, the director owned 14,890 shares in the company, valued at $1,000,905.80. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by insiders.

Equity Lifestyle Properties Stock Up 1.7%

ELS stock opened at $64.44 on Thursday. The company’s 50 day simple moving average is $63.14 and its 200-day simple moving average is $63.61. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $69.00. The firm has a market capitalization of $12.50 billion, a P/E ratio of 32.22, a P/E/G ratio of 3.85 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.5425 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio is presently 108.50%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ELS. Zelman & Associates began coverage on shares of Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 price target on the stock. Mizuho began coverage on shares of Equity Lifestyle Properties in a report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price target on the stock. Weiss Ratings lowered shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.20.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.