Seven Post Investment Office LP Raises Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Seven Post Investment Office LP increased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,454 shares of the real estate investment trust’s stock after acquiring an additional 1,359 shares during the quarter. Equity LifeStyle Properties comprises 2.0% of Seven Post Investment Office LP’s holdings, making the stock its 12th biggest position. Seven Post Investment Office LP owned 0.10% of Equity LifeStyle Properties worth $13,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Equity LifeStyle Properties in the second quarter worth about $30,000. UMB Bank n.a. raised its position in shares of Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 417 shares during the last quarter. Blue Trust Inc. raised its position in shares of Equity LifeStyle Properties by 167.1% in the 2nd 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 during the last quarter. GAMMA Investing LLC boosted its stake in Equity LifeStyle Properties by 36.0% in the 2nd 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 in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Equity LifeStyle Properties during the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ELS shares. Compass Point upped their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Truist Financial upped their target price on Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Evercore ISI raised their target price 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. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird increased their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Six investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.40.

Insider Buying and Selling

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction 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 transaction, the chief executive officer now owns 260,936 shares of the company’s stock, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Paul Seavey sold 31,988 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,808 shares of company stock valued at $6,348,011. Corporate insiders own 1.40% of the company’s stock.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $69.74 on Friday. The firm has a market capitalization of $13.32 billion, a P/E ratio of 35.95, a PEG ratio of 3.79 and a beta of 0.79. The stock has a 50-day simple moving average of $70.91 and a two-hundred day simple moving average of $67.34. 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 fifty-two week low of $59.82 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted 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 company had revenue of $387.30 million for the quarter, compared to analyst estimates of $315.78 million. During the same period last year, the business earned $0.71 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. On average, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.9 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio is currently 98.45%.

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.