Fifth Third Bancorp Cuts Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Fifth Third Bancorp cut its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,621 shares of the real estate investment trust’s stock after selling 590 shares during the period. Fifth Third Bancorp’s holdings in Equity LifeStyle Properties were worth $441,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ELS. Moran Wealth Management LLC grew its holdings in shares of Equity LifeStyle Properties by 0.8% during the 3rd quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock worth $1,264,000 after purchasing an additional 143 shares during the period. V Square Quantitative Management LLC increased its position in shares of Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 146 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 acquiring an additional 171 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Equity LifeStyle Properties by 14.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 269 shares in the last quarter. Finally, Procyon Advisors LLC boosted its position in Equity LifeStyle Properties by 7.9% during the 3rd quarter. Procyon Advisors LLC now owns 3,814 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 278 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock opened at $65.12 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 3.28 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The company’s 50-day simple moving average is $67.67 and its 200-day simple moving average is $69.52.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on ELS shares. Royal Bank of Canada cut their price objective 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. UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Three 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.90.

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.