SeaCrest Wealth Management LLC Invests $27,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

SeaCrest Wealth Management LLC bought a new position in Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 378 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Equity LifeStyle Properties by 13.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,788 shares of the real estate investment trust’s stock valued at $2,874,000 after buying an additional 4,895 shares during the last quarter. Pendal Group Ltd bought a new position in Equity LifeStyle Properties in the 2nd quarter valued at approximately $345,000. Versor Investments LP raised its holdings in Equity LifeStyle Properties by 37.5% in the 1st quarter. Versor Investments LP now owns 7,031 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 1,918 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in Equity LifeStyle Properties by 4.4% in the 1st quarter. Neuberger Berman Group LLC now owns 935,719 shares of the real estate investment trust’s stock valued at $71,562,000 after buying an additional 39,628 shares during the last quarter. Finally, Capital Square LLC raised its holdings in Equity LifeStyle Properties by 29.6% in the 1st quarter. Capital Square LLC now owns 16,998 shares of the real estate investment trust’s stock valued at $1,300,000 after buying an additional 3,881 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock opened at $64.53 on Thursday. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 4.72 and a beta of 0.62. Equity LifeStyle Properties, Inc. has a 52 week low of $56.91 and a 52 week high of $88.70. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $63.39 and a 200-day moving average of $69.37.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last announced its quarterly earnings data on Tuesday, October 18th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $381.00 million for the quarter, compared to analyst estimates of $375.16 million. Equity LifeStyle Properties had a return on equity of 18.30% and a net margin of 19.36%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.66 earnings per share for the current year.

Equity LifeStyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, December 29th. Equity LifeStyle Properties’s dividend payout ratio is currently 109.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ELS. Robert W. Baird dropped their price objective on shares of Equity LifeStyle Properties from $76.00 to $68.00 in a report on Tuesday, October 25th. Evercore ISI dropped their price objective on shares of Equity LifeStyle Properties from $71.00 to $70.00 in a report on Tuesday, September 27th. Royal Bank of Canada decreased their target price on shares of Equity LifeStyle Properties from $71.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 19th. Barclays decreased their target price on shares of Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. Finally, StockNews.com began coverage on shares of Equity LifeStyle Properties in a research report on Wednesday, October 12th. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $76.00.

Equity LifeStyle Properties Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating).

Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

Receive News & Ratings for Equity LifeStyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity LifeStyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.