Principal Financial Group Inc. Decreases Holdings in Equity Lifestyle Properties, Inc. $ELS

Principal Financial Group Inc. trimmed its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,855,358 shares of the real estate investment trust’s stock after selling 180,907 shares during the period. Principal Financial Group Inc. owned about 3.54% of Equity Lifestyle Properties worth $416,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ELS. Allworth Financial LP raised its position in Equity Lifestyle Properties by 204.1% in the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 443 shares during the period. IFP Advisors Inc increased its stake in shares of Equity Lifestyle Properties by 874.7% during the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 761 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Equity Lifestyle Properties by 27.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 269 shares during the period. Farther Finance Advisors LLC lifted its stake in Equity Lifestyle Properties by 12.3% in the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 178 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Equity Lifestyle Properties by 595.1% during the second quarter. Hantz Financial Services Inc. now owns 2,113 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,809 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Up 0.6%

Shares of NYSE ELS opened at $63.13 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.04 and a debt-to-equity ratio of 0.30. The company has a market cap of $12.24 billion, a P/E ratio of 31.41, a P/E/G ratio of 3.67 and a beta of 0.77. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The business has a 50-day simple moving average of $61.83 and a two-hundred day simple moving average of $61.32.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ELS shares. Zacks Research lowered Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Truist Financial set a $66.00 price objective on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, January 20th. Barclays reiterated an “overweight” rating and set a $68.00 target price on shares of Equity Lifestyle Properties in a research report on Tuesday, January 13th. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research report on Friday. Finally, Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.46.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.