Strs Ohio Sells 22,692 Shares of Equity Lifestyle Properties, Inc. $ELS

Strs Ohio decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 7.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 274,302 shares of the real estate investment trust’s stock after selling 22,692 shares during the period. Strs Ohio owned about 0.14% of Equity Lifestyle Properties worth $16,625,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ELS. Empowered Funds LLC raised its stake in Equity Lifestyle Properties by 14.1% in the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 804 shares during the period. Jane Street Group LLC raised its stake in Equity Lifestyle Properties by 598.5% in the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after acquiring an additional 102,303 shares during the period. Intech Investment Management LLC raised its stake in Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 8,873 shares during the period. Cetera Investment Advisers raised its stake in Equity Lifestyle Properties by 111.0% in the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in Equity Lifestyle Properties in the 2nd quarter valued at $300,000. Institutional investors own 97.21% of the company’s stock.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of Equity Lifestyle Properties stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director owned 14,890 shares in the company, valued at $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by corporate insiders.

Equity Lifestyle Properties Stock Down 0.0%

Shares of ELS opened at $62.80 on Monday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00. The company has a market cap of $12.18 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.82 and a beta of 0.69. 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 firm has a 50 day simple moving average of $65.19 and a two-hundred day simple moving average of $63.43.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $395.71 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 annualized dividend and a yield of 3.5%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 108.50%.

Analyst Ratings Changes

Several research firms have weighed in on ELS. Robert W. Baird increased their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Bank of America raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, February 3rd. Truist Financial increased their target price on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 target price on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Finally, Zelman & Associates initiated coverage on Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

About Equity Lifestyle Properties

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.