Natixis Advisors LLC Grows Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Natixis Advisors LLC lifted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,676 shares of the real estate investment trust’s stock after buying an additional 775 shares during the quarter. Natixis Advisors LLC’s holdings in Equity LifeStyle Properties were worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ELS. Archer Investment Corp increased its holdings in Equity LifeStyle Properties by 42.4% in the third quarter. Archer Investment Corp now owns 1,680 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 500 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Equity LifeStyle Properties by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,591 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 345 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Equity LifeStyle Properties by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 21,447 shares of the real estate investment trust’s stock valued at $1,530,000 after acquiring an additional 4,505 shares during the last quarter. KBC Group NV increased its holdings in shares of Equity LifeStyle Properties by 518.6% in the 3rd quarter. KBC Group NV now owns 165,518 shares of the real estate investment trust’s stock valued at $11,808,000 after acquiring an additional 138,759 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Equity LifeStyle Properties during the 3rd quarter valued at approximately $599,000. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

ELS opened at $71.10 on Tuesday. 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 business’s 50 day moving average is $70.38 and its 200-day moving average is $68.15. The stock has a market cap of $13.58 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 3.77 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $315.78 million. During the same period in the previous year, the firm earned $0.71 EPS. The firm’s revenue was down .4% on a year-over-year basis. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties’s payout ratio is currently 98.45%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. 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 owns 148,463 shares in the company, valued at approximately $11,109,486.29. This trade represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price target on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Evercore ISI increased 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 note on Monday, October 21st. Compass Point raised their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.50 to $82.00 in a report on Thursday, September 19th. Six 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

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.