Capital Square LLC Has $1.64 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Capital Square LLC lessened its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,966 shares of the real estate investment trust’s stock after selling 333 shares during the quarter. Equity LifeStyle Properties makes up about 1.0% of Capital Square LLC’s holdings, making the stock its 28th biggest holding. Capital Square LLC’s holdings in Equity LifeStyle Properties were worth $1,638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moran Wealth Management LLC lifted its position in shares of Equity LifeStyle Properties by 0.8% in the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock worth $1,264,000 after purchasing an additional 143 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 146 shares during the period. Johnson Investment Counsel Inc. lifted its position in Equity LifeStyle Properties by 0.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,745,000 after buying an additional 152 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Equity LifeStyle Properties by 0.9% during the 2nd quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock valued at $1,106,000 after buying an additional 154 shares during the period. Finally, LRI Investments LLC boosted its stake in shares of Equity LifeStyle Properties by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the completion of the transaction, the chief executive officer now directly owns 260,936 shares in the company, valued at $19,705,886.72. This represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the transaction, the chief financial officer now directly owns 148,463 shares of the company’s stock, valued at approximately $11,109,486.29. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ELS. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They set a “hold” rating and a $72.00 price objective for the company. Evercore ISI lifted their price target on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Truist Financial increased their price objective on Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS traded up $0.29 during midday trading on Monday, hitting $71.23. The company’s stock had a trading volume of 63,220 shares, compared to its average volume of 1,205,445. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The stock’s 50 day simple moving average is $70.38 and its 200 day simple moving average is $68.15. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 3.77 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The business had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. During the same period last year, the business earned $0.71 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 98.45%.

About Equity LifeStyle Properties

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.