Lecap Asset Management Ltd. Sells 17,918 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Lecap Asset Management Ltd. decreased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 67.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,706 shares of the real estate investment trust’s stock after selling 17,918 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Equity LifeStyle Properties were worth $621,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ELS. V Square Quantitative Management LLC acquired a new stake in Equity LifeStyle Properties in the second quarter valued at about $30,000. UMB Bank n.a. boosted its stake in shares of Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 417 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Equity LifeStyle Properties by 167.1% in the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Equity LifeStyle Properties by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 217 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Equity LifeStyle Properties during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Buying and Selling at Equity LifeStyle Properties

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

Equity LifeStyle Properties Trading Down 0.8 %

NYSE:ELS opened at $69.99 on Friday. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03. The firm’s fifty day moving average is $71.16 and its 200-day moving average is $66.83. The firm has a market cap of $13.05 billion, a P/E ratio of 38.25, a P/E/G ratio of 3.60 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results 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 net margin of 23.56% and a return on equity of 23.71%. The firm had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. During the same period last year, the company posted $0.71 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.4775 dividend. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, September 27th. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.50 to $82.00 in a research note on Thursday, September 19th. Robert W. Baird boosted their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $68.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They set a “hold” rating and a $72.00 price target on the stock. Finally, UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.40.

Equity LifeStyle Properties Company Profile

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.