ProShare Advisors LLC Has $32.23 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

ProShare Advisors LLC decreased its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 483,927 shares of the real estate investment trust’s stock after selling 8,321 shares during the quarter. ProShare Advisors LLC owned about 0.25% of Equity LifeStyle Properties worth $32,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Equity LifeStyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 210 shares during the last quarter. Carmel Capital Partners LLC grew its position in shares of Equity LifeStyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 230 shares during the last quarter. Corient Private Wealth LLC grew its position in Equity LifeStyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock worth $1,523,000 after buying an additional 230 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Equity LifeStyle Properties by 7.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ELS shares. Evercore ISI reduced their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird increased their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reduced their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Finally, Truist Financial reduced their price target on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.33.

Equity LifeStyle Properties Stock Up 1.7%

NYSE ELS opened at $64.89 on Friday. The business has a fifty day moving average price of $65.16 and a two-hundred day moving average price of $67.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The stock has a market capitalization of $12.41 billion, a PE ratio of 33.27, a PEG ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The firm had revenue of $327.21 million during the quarter, compared to analysts’ expectations of $391.34 million. During the same period in the prior year, the company earned $0.59 earnings per share. Equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties’s payout ratio is 106.74%.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.