BNP Paribas Financial Markets Has $7.84 Million Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

BNP Paribas Financial Markets decreased its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 36.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 117,712 shares of the real estate investment trust’s stock after selling 68,586 shares during the period. BNP Paribas Financial Markets’ holdings in Equity LifeStyle Properties were worth $7,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $25,000. Bessemer Group Inc. lifted its position in Equity LifeStyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 210 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the sale, the chief financial officer now directly owns 78,162 shares of the company’s stock, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on ELS shares. Royal Bank of Canada cut their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Truist Financial cut their price objective on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. BMO Capital Markets cut their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Evercore ISI cut their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.33.

Equity LifeStyle Properties Trading Up 0.9%

Shares of NYSE:ELS opened at $64.33 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company’s 50-day moving average price is $65.64 and its two-hundred day moving average price is $67.18. The stock has a market capitalization of $12.30 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $327.21 million for the quarter, compared to analysts’ expectations of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same period in the prior year, the firm earned $0.59 EPS. On average, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.515 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. 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.