Intech Investment Management LLC Has $998,000 Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Intech Investment Management LLC reduced its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 38.2% in the third quarter, Holdings Channel reports. The institutional investor owned 13,985 shares of the real estate investment trust’s stock after selling 8,654 shares during the period. Intech Investment Management LLC’s holdings in Equity LifeStyle Properties were worth $998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. iA Global Asset Management Inc. boosted its stake in Equity LifeStyle Properties by 15.4% during the 1st quarter. iA Global Asset Management Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 402 shares during the last quarter. Walleye Trading LLC purchased a new stake in shares of Equity LifeStyle Properties in the first quarter worth approximately $390,000. LRI Investments LLC bought a new position in shares of Equity LifeStyle Properties in the first quarter valued at approximately $122,000. Swedbank AB purchased a new position in shares of Equity LifeStyle Properties during the first quarter valued at approximately $21,252,000. Finally, Atria Investments Inc grew its holdings in Equity LifeStyle Properties by 7.0% during the first quarter. Atria Investments Inc now owns 30,109 shares of the real estate investment trust’s stock worth $1,939,000 after buying an additional 1,974 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ELS shares. Truist Financial raised their price objective on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. Evercore ISI upped their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Compass Point lifted their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird upped their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS opened at $72.09 on Thursday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 3.78 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60. The stock has a fifty day simple moving average of $70.23 and a two-hundred day simple moving average of $68.27.

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

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.477 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.65%. Equity LifeStyle Properties’s dividend payout ratio is 98.45%.

Insider Transactions at Equity LifeStyle Properties

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

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.