Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 102.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,265 shares of the real estate investment trust’s stock after purchasing an additional 8,746 shares during the period. Kestra Private Wealth Services LLC’s holdings in Equity Lifestyle Properties were worth $1,078,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in shares of Equity Lifestyle Properties by 3.5% during the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 169 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Equity Lifestyle Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 172 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Equity Lifestyle Properties by 3.7% in the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 178 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Equity Lifestyle Properties by 1.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,781 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 206 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Equity Lifestyle Properties by 1.6% in the third quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock valued at $864,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

ELS has been the subject of a number of research reports. Barclays lowered their price target on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Wednesday, April 15th. Mizuho assumed coverage on Equity Lifestyle Properties in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a report on Friday, June 26th. Finally, Truist Financial set a $67.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.20.

Equity Lifestyle Properties Trading Down 0.3%

Shares of ELS opened at $64.51 on Wednesday. The stock’s 50-day moving average is $63.02 and its two-hundred day moving average is $63.74. The stock has a market cap of $12.51 billion, a PE ratio of 32.25, a P/E/G ratio of 3.94 and a beta of 0.67. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month 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.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (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 company had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same quarter last year, the business posted $0.57 EPS. Equity Lifestyle Properties’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Equity Lifestyle Properties Company 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.