Swedbank AB Cuts Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Swedbank AB cut its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 10.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 325,305 shares of the real estate investment trust’s stock after selling 40,000 shares during the quarter. Swedbank AB’s holdings in Equity LifeStyle Properties were worth $21,665,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Equity LifeStyle Properties by 3.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 178,118 shares of the real estate investment trust’s stock valued at $11,863,000 after acquiring an additional 5,500 shares in the last quarter. Vert Asset Management LLC lifted its holdings in Equity LifeStyle Properties by 9.8% in the 4th quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust’s stock valued at $5,296,000 after purchasing an additional 7,092 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in Equity LifeStyle Properties by 11.8% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 300,543 shares of the real estate investment trust’s stock valued at $20,118,000 after purchasing an additional 31,734 shares in the last quarter. Blue Trust Inc. boosted its stake in Equity LifeStyle Properties by 36.1% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 466 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth $203,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Down 0.2 %

Shares of ELS 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 PE ratio of 33.56, a P/E/G ratio of 3.28 and a beta of 0.79. The company’s 50-day simple moving average is $67.67 and its 200-day simple moving average is $69.52. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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%. Analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ELS shares. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Robert W. Baird lifted their price target 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. Compass Point increased their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.