KBC Group NV Decreases Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

KBC Group NV lowered its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,812 shares of the real estate investment trust’s stock after selling 24,706 shares during the period. KBC Group NV owned 0.07% of Equity LifeStyle Properties worth $9,378,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Moran Wealth Management LLC boosted its stake in 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 boosted its stake in shares of Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 146 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $38,000 after buying an additional 171 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Equity LifeStyle Properties by 14.7% in 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 during the period. Finally, Procyon Advisors LLC raised its stake 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 valued at $272,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ELS. Robert W. Baird lifted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Evercore ISI lowered their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Equity LifeStyle Properties has an average rating of “Moderate Buy” and a consensus target price of $73.90.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $65.26 on Thursday. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79. The business’s 50 day simple moving average is $67.79 and its 200-day simple moving average is $69.55. 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 earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. As a group, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current fiscal year.

Equity LifeStyle Properties Company 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.