Equity Lifestyle Properties, Inc. $ELS Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,661,686 shares of the real estate investment trust’s stock after selling 161,940 shares during the period. Victory Capital Management Inc.’s holdings in Equity Lifestyle Properties were worth $403,765,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its position in Equity Lifestyle Properties by 163.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,321 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 820 shares during the period. Cohen & Steers Inc. boosted its position in Equity Lifestyle Properties by 26.8% during the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after purchasing an additional 2,246,622 shares during the period. Quadrant Capital Group LLC boosted its position in Equity Lifestyle Properties by 28.5% during the 4th quarter. Quadrant Capital Group LLC now owns 22,992 shares of the real estate investment trust’s stock worth $1,394,000 after purchasing an additional 5,094 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in Equity Lifestyle Properties by 22.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 31,229 shares of the real estate investment trust’s stock worth $1,893,000 after purchasing an additional 5,825 shares during the period. Finally, Brooklyn Investment Group boosted its position in Equity Lifestyle Properties by 61.1% during the 4th quarter. Brooklyn Investment Group now owns 14,723 shares of the real estate investment trust’s stock worth $897,000 after purchasing an additional 5,585 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $64.80 on Friday. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $69.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $12.57 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.89 and a beta of 0.67. The company’s fifty day moving average price is $63.20 and its two-hundred day moving average price is $63.62.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.5425 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s payout ratio is currently 108.50%.

Insider Buying and Selling

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director owned 14,890 shares in the company, valued at $1,000,905.80. The trade was a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, April 15th. Zelman & Associates initiated coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They set an “underperform” rating and a $59.25 price target for the company. Robert W. Baird upped their price target on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th. Finally, Truist Financial set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.20.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.