Swedbank AB Sells 39,000 Shares of Equity Lifestyle Properties, Inc. $ELS

Swedbank AB lowered its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,305 shares of the real estate investment trust’s stock after selling 39,000 shares during the quarter. Swedbank AB’s holdings in Equity Lifestyle Properties were worth $16,141,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in Equity Lifestyle Properties during the third quarter worth $25,000. GoalVest Advisory LLC bought a new stake in Equity Lifestyle Properties during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 453 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in Equity Lifestyle Properties during the third quarter worth $34,000. Finally, Bessemer Group Inc. grew its holdings in Equity Lifestyle Properties by 126.9% during the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 321 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ELS shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, April 15th. Bank of America upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, February 3rd. Robert W. Baird upped their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $69.27.

Equity Lifestyle Properties Stock Up 0.1%

Shares of NYSE ELS opened at $63.60 on Tuesday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. The business’s fifty day moving average price is $63.74 and its 200-day moving average price is $63.57. The stock has a market capitalization of $12.33 billion, a PE ratio of 31.80, a P/E/G ratio of 3.87 and a beta of 0.69.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm had revenue of $397.62 million for the quarter, compared to analysts’ expectations of $395.71 million. During the same period in the prior year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio is currently 108.50%.

Insider Transactions at Equity Lifestyle Properties

In related news, Director David J. Contis sold 3,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the sale, the director owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.