5,577 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC purchased a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the second quarter, HoldingsChannel.com reports. The firm purchased 5,577 shares of the real estate investment trust’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELS. Mather Group LLC. bought a new stake in shares of Equity LifeStyle Properties in the 1st quarter worth approximately $25,000. Rise Advisors LLC purchased a new stake in Equity LifeStyle Properties in the first quarter worth $27,000. V Square Quantitative Management LLC bought a new stake in Equity LifeStyle Properties in the second quarter valued at $30,000. Headlands Technologies LLC boosted its holdings in Equity LifeStyle Properties by 143.8% in the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 368 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Equity LifeStyle Properties by 167.1% during the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 391 shares during the period. Institutional investors own 97.21% of the company’s stock.

Insider Transactions at Equity LifeStyle Properties

In related news, COO Patrick Waite sold 20,820 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the sale, the chief operating officer now directly owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on ELS. Evercore ISI raised their target price on shares of Equity LifeStyle Properties from $69.00 to $72.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Truist Financial lifted their price objective on Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, Barclays decreased their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $68.94.

Equity LifeStyle Properties Stock Up 0.4 %

ELS traded up $0.30 during midday trading on Wednesday, reaching $71.10. The company’s stock had a trading volume of 841,149 shares, compared to its average volume of 1,213,393. The stock’s 50-day moving average is $67.05 and its 200-day moving average is $65.08. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $74.04. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 4.06 and a beta of 0.77. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.23). The company had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $334.53 million. Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, research analysts expect that Equity LifeStyle Properties, Inc. will post 2.91 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.4775 per share. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a dividend yield of 2.69%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.