Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 68.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,782 shares of the real estate investment trust’s stock after acquiring an additional 3,974 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Equity Lifestyle Properties were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Beese Fulmer Investment Management Inc. grew its holdings in Equity Lifestyle Properties by 2.6% during the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 200 shares during the period. Xponance Inc. grew its holdings in Equity Lifestyle Properties by 0.7% during the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust’s stock worth $2,077,000 after acquiring an additional 203 shares during the period. GF Fund Management CO. LTD. grew its holdings in Equity Lifestyle Properties by 6.8% during the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 218 shares during the period. Townsquare Capital LLC grew its holdings in Equity Lifestyle Properties by 2.0% during the first quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 251 shares during the period. Finally, National Pension Service grew its holdings in Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 276 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ELS. Wells Fargo & Company dropped their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a “buy” rating in a report on Wednesday, July 30th. Morgan Stanley began coverage on Equity Lifestyle Properties in a report on Tuesday, July 15th. They issued a “positive” rating and a $67.50 price objective on the stock. BMO Capital Markets dropped their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, Compass Point raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.50.

Equity Lifestyle Properties Stock Up 0.6%

Equity Lifestyle Properties stock opened at $60.66 on Monday. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $11.76 billion, a P/E ratio of 31.43, a PEG ratio of 3.24 and a beta of 0.70. The stock has a 50-day simple moving average of $61.54 and a 200-day simple moving average of $64.06.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%. The business had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. During the same period in the previous year, the business earned $0.66 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties’s payout ratio is 106.74%.

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.