Equity Lifestyle Properties, Inc. $ELS Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas cut its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,424 shares of the real estate investment trust’s stock after selling 6,576 shares during the quarter. Employees Retirement System of Texas’ holdings in Equity Lifestyle Properties were worth $7,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ELS. Nuveen LLC acquired a new stake in shares of Equity Lifestyle Properties in the first quarter valued at approximately $142,937,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in Equity Lifestyle Properties by 101.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after buying an additional 630,065 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Equity Lifestyle Properties by 12.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock worth $291,363,000 after buying an additional 515,063 shares in the last quarter. American Century Companies Inc. increased its position in Equity Lifestyle Properties by 535.2% in the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock valued at $24,623,000 after acquiring an additional 311,053 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in Equity Lifestyle Properties during the 1st quarter valued at $20,259,000. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ELS shares. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Evercore ISI decreased their target price on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research report on Thursday, October 23rd. Morgan Stanley lowered their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Wells Fargo & Company reduced their price target on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.14.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock opened at $62.80 on Thursday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $72.81. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 0.27. The stock has a market cap of $12.17 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 3.32 and a beta of 0.71. The company’s 50-day moving average price is $61.61 and its two-hundred day moving average price is $61.68.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $393.31 million during the quarter, compared to analyst estimates of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. As a group, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a $0.515 dividend. The ex-dividend date is Friday, December 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 103.52%.

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.