3,763 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Bought by PharVision Advisers LLC

PharVision Advisers LLC purchased a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,763 shares of the real estate investment trust’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Equity LifeStyle Properties by 4.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,232 shares of the real estate investment trust’s stock worth $113,702,000 after acquiring an additional 80,269 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Equity LifeStyle Properties by 104.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 74,323 shares of the real estate investment trust’s stock valued at $4,950,000 after buying an additional 37,960 shares during the period. Vident Advisory LLC lifted its position in Equity LifeStyle Properties by 23.7% during the fourth quarter. Vident Advisory LLC now owns 22,782 shares of the real estate investment trust’s stock valued at $1,517,000 after buying an additional 4,362 shares during the period. Sophron Capital Management L.P. purchased a new position in Equity LifeStyle Properties during the fourth quarter valued at $3,010,000. Finally, Westwood Holdings Group Inc. lifted its position in Equity LifeStyle Properties by 8.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 185,168 shares of the real estate investment trust’s stock valued at $12,332,000 after buying an additional 14,642 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ELS shares. Truist Financial lowered their price objective on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Robert W. Baird raised their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a “buy” rating and a $80.00 price objective for the company. Evercore ISI lowered their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada lowered their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.33.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the sale, the chief financial officer now directly owns 78,162 shares in the company, valued at $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Equity LifeStyle Properties Price Performance

ELS opened at $63.38 on Friday. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60. The stock has a 50-day moving average price of $64.96 and a 200-day moving average price of $66.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The firm has a market cap of $12.12 billion, a PE ratio of 32.50, a P/E/G ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The business had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the firm earned $0.59 EPS. Sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 106.74%.

Equity LifeStyle Properties Profile

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.