Capital Square LLC Has $1.64 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Capital Square LLC reduced its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,966 shares of the real estate investment trust’s stock after selling 333 shares during the quarter. Equity LifeStyle Properties comprises about 1.0% of Capital Square LLC’s holdings, making the stock its 28th largest position. Capital Square LLC’s holdings in Equity LifeStyle Properties were worth $1,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in Equity LifeStyle Properties in the third quarter valued at about $117,000. Daiwa Securities Group Inc. increased its stake in Equity LifeStyle Properties by 370.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock worth $166,182,000 after purchasing an additional 1,834,491 shares in the last quarter. Swedbank AB boosted its holdings in shares of Equity LifeStyle Properties by 10.7% in the third quarter. Swedbank AB now owns 365,305 shares of the real estate investment trust’s stock valued at $26,061,000 after buying an additional 35,305 shares during the period. Cerity Partners LLC raised its holdings in shares of Equity LifeStyle Properties by 43.5% during the third quarter. Cerity Partners LLC now owns 81,540 shares of the real estate investment trust’s stock worth $5,817,000 after acquiring an additional 24,727 shares during the period. Finally, Citigroup Inc. increased its holdings in Equity LifeStyle Properties by 16.7% during the 3rd quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust’s stock worth $15,210,000 after purchasing an additional 30,489 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Equity LifeStyle Properties stock traded up $0.29 during trading hours on Monday, hitting $71.23. The company had a trading volume of 63,220 shares, compared to its average volume of 1,205,445. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The firm has a market cap of $13.61 billion, a PE ratio of 36.57, a PEG ratio of 3.77 and a beta of 0.79. The firm has a 50-day moving average of $70.38 and a 200 day moving average of $68.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. During the same quarter in the previous year, the business earned $0.71 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. On average, sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a $0.477 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.68%. Equity LifeStyle Properties’s payout ratio is 98.45%.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research report on Thursday, October 17th. They issued a “hold” rating and a $72.00 target price on the stock. Robert W. Baird boosted their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Compass Point raised their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Truist Financial raised their price objective on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Insider Activity at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 31,988 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the completion of the transaction, the chief financial officer now directly owns 148,463 shares in the company, valued at approximately $11,109,486.29. The trade was a 17.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the sale, the chief executive officer now owns 260,936 shares in the company, valued at $19,705,886.72. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Equity LifeStyle Properties 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.