Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Barclays PLC

Barclays PLC lowered its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 15.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,324 shares of the real estate investment trust’s stock after selling 37,536 shares during the period. Barclays PLC owned approximately 0.11% of Equity LifeStyle Properties worth $14,504,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Moran Wealth Management LLC grew its stake in shares of Equity LifeStyle Properties by 0.8% in the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock worth $1,264,000 after acquiring an additional 143 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Equity LifeStyle Properties by 31.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 146 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in Equity LifeStyle Properties by 0.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,745,000 after purchasing an additional 152 shares during the period. Toronto Dominion Bank raised its position in Equity LifeStyle Properties by 0.9% in the 2nd quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock valued at $1,106,000 after purchasing an additional 154 shares in the last quarter. Finally, LRI Investments LLC boosted its stake in shares of Equity LifeStyle Properties by 8.7% in the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 171 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ELS has been the topic of several analyst reports. Robert W. Baird raised their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research report on Thursday, October 17th. They set a “hold” rating and a $72.00 price objective for the company. Compass Point increased their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Finally, Evercore ISI upped their price objective on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

Equity LifeStyle Properties Stock Down 0.7 %

ELS stock opened at $67.92 on Monday. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 3.63 and a beta of 0.77. The company has a fifty day moving average price of $69.84 and a 200 day moving average price of $68.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The company had revenue of $387.30 million for the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. Sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 98.45%.

Insider Buying and Selling

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction on 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. The trade was a 17.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

About Equity LifeStyle Properties

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.