Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 280,999 shares of the real estate investment trust’s stock after buying an additional 2,647 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.15% of Equity LifeStyle Properties worth $20,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ELS. V Square Quantitative Management LLC acquired a new position in Equity LifeStyle Properties during the 2nd quarter valued at about $30,000. UMB Bank n.a. boosted its position in shares of Equity LifeStyle Properties by 356.4% during the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 417 shares during the period. Blue Trust Inc. grew its holdings in Equity LifeStyle Properties by 167.1% in the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 391 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Equity LifeStyle Properties in the 2nd quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Equity LifeStyle Properties during the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

ELS stock opened at $69.00 on Wednesday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The firm has a 50-day moving average of $69.92 and a two-hundred day moving average of $68.77. The firm has a market capitalization of $13.18 billion, a PE ratio of 35.57, a P/E/G ratio of 3.70 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 0.35.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results 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). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm had revenue of $387.30 million during the quarter, compared to analysts’ expectations of $315.78 million. During the same quarter last year, the company posted $0.71 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, analysts forecast 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. Shareholders of record on Friday, December 27th will be given a dividend of $0.477 per share. The ex-dividend date is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.77%. Equity LifeStyle Properties’s payout ratio is presently 98.45%.

Analyst Ratings Changes

ELS has been the subject of several recent analyst reports. Compass Point increased their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Truist Financial increased their target price on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Evercore ISI upped their target price on 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. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group started coverage on Equity LifeStyle Properties in a report on Thursday, October 17th. They set a “hold” rating and a $72.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

Insider Buying and Selling at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties 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 sale, the chief financial officer now owns 148,463 shares of the company’s stock, valued at approximately $11,109,486.29. This trade represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,492,160.00. Following the transaction, the chief executive officer now owns 260,936 shares in the company, valued at $19,705,886.72. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

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.