Commerzbank Aktiengesellschaft FI Purchases New Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,052 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other large investors have also recently bought and sold shares of the company. Centersquare Investment Management LLC boosted its position in Equity LifeStyle Properties by 22.9% during the first quarter. Centersquare Investment Management LLC now owns 123,030 shares of the real estate investment trust’s stock valued at $7,417,000 after purchasing an additional 22,900 shares during the last quarter. GAMMA Investing LLC raised its stake in Equity LifeStyle Properties by 36.0% in the second quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 217 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Equity LifeStyle Properties by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust’s stock valued at $21,952,000 after buying an additional 12,444 shares during the period. Tidal Investments LLC raised its stake in Equity LifeStyle Properties by 35.3% in the first quarter. Tidal Investments LLC now owns 79,280 shares of the real estate investment trust’s stock valued at $5,106,000 after buying an additional 20,697 shares during the period. Finally, National Bank of Canada FI raised its stake in Equity LifeStyle Properties by 46,368.4% in the first quarter. National Bank of Canada FI now owns 355,483 shares of the real estate investment trust’s stock valued at $22,321,000 after buying an additional 354,718 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $69.99 on Friday. The stock’s fifty day moving average price is $71.16 and its two-hundred day moving average price is $66.83. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market cap of $13.05 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The company had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. During the same quarter last year, the business earned $0.71 EPS. Equity LifeStyle Properties’s revenue was down .4% on a year-over-year basis. As a group, research analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.4775 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, September 27th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 104.37%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the sale, the chief executive officer now directly owns 260,936 shares in the company, valued at approximately $19,705,886.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,808 shares of company stock valued at $6,348,011. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ELS. Evercore ISI upped their price objective on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research note on Thursday, October 17th. They issued a “hold” rating and a $72.00 price objective on the stock. Compass Point upped their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird upped their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.40.

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.