Forsta AP Fonden Has $1.41 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

Forsta AP Fonden reduced its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 40.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,200 shares of the real estate investment trust’s stock after selling 15,700 shares during the quarter. Forsta AP Fonden’s holdings in Equity Lifestyle Properties were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GoalVest Advisory LLC bought a new stake in shares of Equity Lifestyle Properties during the 4th quarter worth $25,000. Wiser Advisor Group LLC bought a new stake in shares of Equity Lifestyle Properties during the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares during the period. Clearstead Trust LLC boosted its holdings in Equity Lifestyle Properties by 74.8% in the 4th 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 period. Finally, Fulcrum Asset Management LLP bought a new stake in Equity Lifestyle Properties in the 3rd quarter valued at $34,000. 97.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the 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 sale, the director owned 14,890 shares of the company’s stock, valued at $1,000,905.80. This represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Equity Lifestyle Properties Stock Up 0.2%

Shares of NYSE:ELS opened at $61.55 on Thursday. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $69.00. The company’s 50-day moving average price is $63.15 and its two-hundred day moving average price is $63.57. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.94 billion, a P/E ratio of 30.78, a P/E/G ratio of 3.74 and a beta of 0.67.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. During the same period in the prior year, the company earned $0.57 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on ELS. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and issued a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Barclays dropped their target price on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.20.

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.