RB Capital Management LLC Sells 643 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

RB Capital Management LLC reduced its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,294 shares of the real estate investment trust’s stock after selling 643 shares during the quarter. RB Capital Management LLC’s holdings in Equity LifeStyle Properties were worth $419,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. National Pension Service bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $25,000. Bessemer Group Inc. boosted its position in shares of Equity LifeStyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 364 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Trading Down 1.9%

Equity LifeStyle Properties stock opened at $64.09 on Thursday. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The business’s fifty day simple moving average is $65.06 and its two-hundred day simple moving average is $66.91.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly 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 firm had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties’s payout ratio is currently 106.74%.

Wall Street Analyst Weigh In

ELS has been the topic of several research reports. Truist Financial dropped their price target on 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. Royal Bank of Canada dropped their price target on 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. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a “buy” rating and a $80.00 price target on the stock. BMO Capital Markets lowered their price objective on Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Evercore ISI dropped their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.33.

Insider Activity

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

Equity LifeStyle Properties Profile

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.