TD Asset Management Inc Sells 15,000 Shares of Equity Lifestyle Properties, Inc. $ELS

TD Asset Management Inc lowered its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,143 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. TD Asset Management Inc owned approximately 0.20% of Equity Lifestyle Properties worth $23,040,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. GoalVest Advisory LLC bought a new position in shares of Equity Lifestyle Properties in the 4th quarter valued at approximately $25,000. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties in the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its position in Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 453 shares during the period. Clearstead Trust LLC grew its holdings in Equity Lifestyle Properties by 74.8% during the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 231 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in Equity Lifestyle Properties during the third quarter valued at approximately $34,000. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Down 0.0%

ELS opened at $62.41 on Monday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 31.21, a P/E/G ratio of 3.80 and a beta of 0.67. The business has a 50 day moving average of $63.11 and a 200-day moving average of $63.58.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.28). The company had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.5%. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ELS shares. Robert W. Baird boosted their price objective on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Truist Financial set a $67.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, May 5th. Mizuho started coverage on shares of Equity Lifestyle Properties in a report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Finally, Zacks Research raised Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.20.

Insider Activity at Equity Lifestyle Properties

In other news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the completion of the transaction, the director owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

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.