Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,915 shares of the real estate investment trust’s stock after selling 920 shares during the quarter. Park Avenue Securities LLC’s holdings in Equity LifeStyle Properties were worth $372,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Aurora Investment Managers LLC. grew its position in Equity LifeStyle Properties by 1.5% in the third quarter. Aurora Investment Managers LLC. now owns 12,343 shares of the real estate investment trust’s stock worth $776,000 after buying an additional 185 shares during the last quarter. Utah Retirement Systems grew its position in Equity LifeStyle Properties by 0.6% in the first quarter. Utah Retirement Systems now owns 31,704 shares of the real estate investment trust’s stock worth $2,425,000 after buying an additional 200 shares during the last quarter. First Horizon Advisors Inc. grew its position in Equity LifeStyle Properties by 70.1% in the second quarter. First Horizon Advisors Inc. now owns 546 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 225 shares during the last quarter. Delphia USA Inc. grew its position in Equity LifeStyle Properties by 10.2% during the 2nd quarter. Delphia USA Inc. now owns 2,928 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 270 shares in the last quarter. Finally, Corient Capital Partners LLC grew its position in Equity LifeStyle Properties by 3.3% during the 2nd quarter. Corient Capital Partners LLC now owns 8,756 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.

Equity LifeStyle Properties Trading Up 1.3 %

NYSE ELS opened at $68.02 on Monday. Equity LifeStyle Properties, Inc. has a 1-year low of $56.91 and a 1-year high of $83.80. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.66 billion, a PE ratio of 45.35, a price-to-earnings-growth ratio of 4.65 and a beta of 0.62. The firm’s fifty day simple moving average is $65.27 and its 200-day simple moving average is $67.40.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, December 29th. Equity LifeStyle Properties’s payout ratio is 109.33%.

Analyst Ratings Changes

ELS has been the topic of several research analyst reports. Evercore ISI lowered their price objective on shares of Equity LifeStyle Properties from $71.00 to $70.00 in a research report on Tuesday, September 27th. Barclays lowered their price objective on shares of Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, October 7th. StockNews.com upgraded shares of Equity LifeStyle Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Truist Financial lifted their price objective on shares of Equity LifeStyle Properties from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, January 17th. Finally, Robert W. Baird dropped their price target on shares of Equity LifeStyle Properties from $76.00 to $68.00 in a research note on Tuesday, October 25th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.43.

About Equity LifeStyle Properties

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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.

Further Reading

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

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