Stephens Inc. AR lowered its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) by 9.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,429 shares of the real estate investment trust’s stock after selling 779 shares during the quarter. Stephens Inc. AR’s holdings in Equity LifeStyle Properties were worth $568,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. CWM LLC bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at $40,000. National Bank of Canada FI bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at $46,000. Desjardins Global Asset Management Inc. bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at $50,000. Tobam boosted its holdings in Equity LifeStyle Properties by 35.4% in the first quarter. Tobam now owns 769 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 201 shares in the last quarter. Finally, Mystic Asset Management Inc. bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at $118,000. Institutional investors own 90.90% of the company’s stock.
Wall Street Analyst Weigh In
ELS has been the topic of several recent analyst reports. BMO Capital Markets cut their price target on shares of Equity LifeStyle Properties from $87.00 to $75.00 in a report on Tuesday, July 19th. Robert W. Baird lowered their price objective on Equity LifeStyle Properties from $89.00 to $83.00 in a research report on Wednesday, July 20th. Wolfe Research began coverage on Equity LifeStyle Properties in a research report on Friday, July 15th. They set a “peer perform” rating for the company. StockNews.com lowered Equity LifeStyle Properties from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Colliers Securities set a $92.00 price objective on Equity LifeStyle Properties in a research report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $84.86.
Equity LifeStyle Properties Price Performance
ELS opened at $73.24 on Wednesday. The stock has a 50-day moving average price of $72.42 and a 200-day moving average price of $74.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market cap of $13.63 billion, a PE ratio of 48.18, a P/E/G ratio of 5.34 and a beta of 0.60. Equity LifeStyle Properties, Inc. has a 1 year low of $67.57 and a 1 year high of $88.70.
Equity LifeStyle Properties (NYSE:ELS – Get Rating) last posted its quarterly earnings results on Monday, July 18th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $365.31 million during the quarter, compared to analysts’ expectations of $331.29 million. Equity LifeStyle Properties had a return on equity of 19.19% and a net margin of 20.28%. Equity LifeStyle Properties’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. Sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 2.73 earnings per share for the current fiscal year.
Equity LifeStyle Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 29th. Equity LifeStyle Properties’s dividend payout ratio is presently 107.90%.
Equity LifeStyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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