12,548 Shares in Equity Lifestyle Properties, Inc. $ELS Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, Holdings Channel reports. The firm acquired 12,548 shares of the real estate investment trust’s stock, valued at approximately $809,000.

Several other large investors have also bought and sold shares of the stock. Empowered Funds LLC increased its stake in shares of Equity Lifestyle Properties by 3.5% in the fourth quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 169 shares during the period. Bessemer Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 30.3% in the first quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 171 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Equity Lifestyle Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock worth $2,628,000 after acquiring an additional 172 shares during the period. Private Advisor Group LLC boosted its holdings in Equity Lifestyle Properties by 3.7% in the third quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 178 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Equity Lifestyle Properties by 3.5% in the first quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 189 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Trading Up 0.0%

NYSE ELS opened at $65.48 on Monday. The stock has a market capitalization of $12.71 billion, a P/E ratio of 31.48, a P/E/G ratio of 3.81 and a beta of 0.64. The business has a 50 day simple moving average of $64.71 and a 200 day simple moving average of $64.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02. Equity Lifestyle Properties, Inc. has a one year low of $58.72 and a one year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The business had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.Equity Lifestyle Properties’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. Research analysts expect that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is presently 104.33%.

Wall Street Analyst Weigh In

ELS has been the subject of several analyst reports. Morgan Stanley restated a “mixed” rating and set a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. Barclays set a $69.00 price objective on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Wells Fargo & Company lowered their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Finally, Truist Financial set a $67.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and a consensus price target of $68.52.

About Equity Lifestyle Properties

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.