Eurizon Capital SGR S.p.A. Makes New $1.90 Million Investment in Equity Lifestyle Properties, Inc. $ELS

Eurizon Capital SGR S.p.A. acquired a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 4th quarter, Holdings Channel reports. The firm acquired 31,325 shares of the real estate investment trust’s stock, valued at approximately $1,899,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC raised its holdings in Equity Lifestyle Properties by 0.4% in 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 purchasing an additional 172 shares in the last quarter. Private Advisor Group LLC increased its stake 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 acquiring an additional 178 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Equity Lifestyle Properties by 1.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock worth $864,000 after acquiring an additional 220 shares in the last quarter. Clearstead Trust LLC increased its stake in shares of Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 231 shares in the last quarter. Finally, M&G PLC increased its stake in shares of Equity Lifestyle Properties by 8.2% in the 3rd quarter. M&G PLC now owns 3,293 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 249 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director David J. Contis sold 3,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the sale, the director directly owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ELS shares. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price target (up from $72.00) on shares of Equity Lifestyle Properties in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Mizuho started coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.20.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $61.43 on Wednesday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00. The company’s 50-day moving average is $63.24 and its 200 day moving average is $63.58. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 3.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04.

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 analysts’ expectations of $395.71 million. During the same period last year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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

Equity Lifestyle Properties 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.