Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 12,584 shares of the real estate investment trust’s stock after buying an additional 681 shares during the period. Exchange Traded Concepts LLC’s holdings in Equity LifeStyle Properties were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Seven Post Investment Office LP lifted its stake in Equity LifeStyle Properties by 0.7% in the fourth quarter. Seven Post Investment Office LP now owns 188,798 shares of the real estate investment trust’s stock valued at $12,574,000 after buying an additional 1,344 shares during the last quarter. Aurora Investment Managers LLC. increased its holdings in shares of Equity LifeStyle Properties by 8.6% in the 4th quarter. Aurora Investment Managers LLC. now owns 52,137 shares of the real estate investment trust’s stock worth $3,472,000 after acquiring an additional 4,139 shares during the period. 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 purchasing an additional 171 shares during the last quarter. UMB Bank n.a. boosted its stake in Equity LifeStyle Properties by 68.2% during the 4th 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 during the period. Finally, Avanza Fonder AB bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $917,000. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS opened at $66.72 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The firm’s 50 day moving average is $67.89 and its 200-day moving average is $69.58. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The stock has a market capitalization of $12.75 billion, a P/E ratio of 34.39, a P/E/G ratio of 3.28 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of recent analyst reports. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Robert W. Baird boosted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Compass Point upped their price objective on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI decreased their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and an average price target of $73.90.

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.